What is Bitcoin’s true market dominance? Coinmarketcap, the largest resource for cryptocurrency data, has Bitcoin’s market dominance at just above 50 percent. Is this false? New research suggests that Bitcoin’s true market dominance may be upwards of 80 percent if crypto projects volume’s are taken into account as a weighted metric. Today, we will look into the research, break it down, and see if Bitcoin has true crypto market dominance of 80% or if it is really what Coinmarketcap.com says, just 50%.
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00:08 Introduction
00:39 Bitcoin Controlled The Market In The Beginning
00:57 Bitcoin Dominance Dropped In Early 2017
01:44 How Market Capitalization Is Calculated On Coinmarketcap
02:19 Coinmarketcap Has Flawed Calculation of Market Cap
02:32 Low Volumes Lead To Flawed Market Cap Calculations
03:27 Cryptocurrency & Their Market Cap's Should Follow Some Sort of Pareto or Power Law Distribution
04;17 Plotting Coinmarketcap Data=No Pareto or Power Law Distribution
04;40 Using Log View You Get Some Sort of Power Law Distribution Although It's Still Flawed
05:55 Volume Needs To Be Weighted As A Metric: Volume Weighted Cap: The Results
07:35 What Is Bitcoin's True Dominance Using Volume Weighted Cap?
08:00 Conclusion
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This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
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The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
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