Bitcoin, stablecoins and smart contract altcoins dominance increases while ETHD falls
Bitcoin, stablecoins and smart contract altcoins dominance increases while ETHD falls.
According to confirmed data from Coingecko, the crypto economy consists of 12,622 coins traded on 543 exchanges with a total capitalization currently over $2 trillion. Since the market collapse, Bitcoin (BTCD) dominance has cautiously increased while Ethereum (ETHD) dominance has declined.
Bitcoin and Ethereum market dominance rate | Source: Coinecko
On January 6, 2022, BTCD fell to a three-year low (37.7%) since June 3, 2018. The index rose to 38%, while ETHD fell 17.7% from 18.6%.
Countless other altcoins have seen a change in market dominance and Binance Coin (BNB) on the Binance exchange has a market dominance (MDR) of around 3.37%. Tether (USDT) follows at 3.35% and Cardano (ADA) at 2%.
USDC stablecoin MDR is currently at 1.95% and Solana’s SOL at 1.85%. XRP’s capitalization accounts for 1.51% of today’s crypto market economy. It is followed by Terra (LUNA) with 1.22% and Polkadot (DOT) with 1.03%.
The $173 billion total capitalization of stablecoins accounts for 8.3%, and the $738 billion smart contract platform represents 35.36% of the crypto economy.
The $11.8 billion capitalization of privacy coins represents about 0.56% of the crypto economy’s net worth. However, Memecoin accounts for 2.15% with a market cap of $45 billion.
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Bitcoin, stablecoins and smart contract altcoins dominance increases while ETHD falls
Bitcoin, stablecoins and smart contract altcoins dominance increases while ETHD falls.
According to confirmed data from Coingecko, the crypto economy consists of 12,622 coins traded on 543 exchanges with a total capitalization currently over $2 trillion. Since the market collapse, Bitcoin (BTCD) dominance has cautiously increased while Ethereum (ETHD) dominance has declined.
Bitcoin and Ethereum market dominance rate | Source: Coinecko
On January 6, 2022, BTCD fell to a three-year low (37.7%) since June 3, 2018. The index rose to 38%, while ETHD fell 17.7% from 18.6%.
Countless other altcoins have seen a change in market dominance and Binance Coin (BNB) on the Binance exchange has a market dominance (MDR) of around 3.37%. Tether (USDT) follows at 3.35% and Cardano (ADA) at 2%.
USDC stablecoin MDR is currently at 1.95% and Solana’s SOL at 1.85%. XRP’s capitalization accounts for 1.51% of today’s crypto market economy. It is followed by Terra (LUNA) with 1.22% and Polkadot (DOT) with 1.03%.
The $173 billion total capitalization of stablecoins accounts for 8.3%, and the $738 billion smart contract platform represents 35.36% of the crypto economy.
The $11.8 billion capitalization of privacy coins represents about 0.56% of the crypto economy’s net worth. However, Memecoin accounts for 2.15% with a market cap of $45 billion.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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