#Binance
Dominance term:-
It is one of the very important terms related to Bitcoin and other major currencies. In this article, we will learn about the meaning of this term and how to use it in predicting the future movement of the crypto market.
Dominance in Arabic means possession or control, and it is a percentage that indicates the ratio of the market value (MarketCap) of a currency to the full value of the entire digital currency market.
Bitcoin Dominance is one of the very important tools in analyzing digital markets (because Bitcoin is the master of digital currencies in the current period of the market’s life). It is calculated by dividing the Bitcoin market cap by the total market cap and multiplying the result by 100. You can monitor the Bitcoin Dominance chart provided by the Trading website. View from here, or through the Trading View application by searching for the symbol BTC.D.
The best technical analyzes in the field of crypto are those that take into account the analysis of Bitcoin and Bitcoin Dominance, in addition to the analysis of the pair to be analyzed. What does this mean? Briefly ; Anticipating the upcoming movement of Dominance may provide a logical expectation of the movement of the entire market in some cases. Next, we will discuss the most important effects of the movement of Dominance and Bitcoin on alternative currencies (which are all currencies in the market except Bitcoin). This discussion remains a set of expectations and does not have to happen. literally.
