What is Market Dominance in Crypto?

Cryptocurrency market dominance refers to the percentage of a specific cryptocurrency's total market capitalization. Market capitalization is calculated by multiplying the total supply of a cryptocurrency by its current price. Market dominance gives an idea of a particular cryptocurrency's relative size and importance in the overall crypto market. What is Bitcoin Market Dominance Being the first and largest cryptocurrency by market capitalization, Bitcoin has traditionally held the highest market dominance. Currently, it holds over 40% of the entire cryptocurrency market's…