Bitcoin Dominance Is Actually Above 90%, New Research Suggests
Marie Huillet's original article for cointelegraph.com reduced by 57%
Bitcoin's true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a dominance level of around 70%, analysts at Arcane Research have calculated that the real level may be much higher.
Arcane Research has argued that to get a more accurate measure of Bitcoin's dominance, liquidity should be factored into the equation. Using trading volume as a simple indicator of liquidity - with the concession that a more sophisticated measure could be constructed for more granular results - Arcane Research has re-calculated the volume-weighted market capitalization of the cryptocurrency market. Their findings point to a new figure of above 90% for Bitcoin - over 20% higher than other estimates.
Such an eye-popping level of market dominance, the researchers state, make it less and less likely that other cryptocurrencies can compete with Bitcoin as a money. As reported earlier this month, outspoken Bitcoin advcate and former Wall Street trader Max Keiser recently commented on Bitcoin's surging dominance levels, arguing that "The 2014-2017 era of alts and hard forks is dead.".
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CN [too long; didn’t read]
Summarised crypto news.