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3 reasons why the Bitcoin dominance metric is a flawed indicator

September 9, 2020 by DIGIT
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Bitcoin dominance rate is a metric cited by many when forecasting altcoin and BTC rallies but is the indicator reliable?

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Categories Bitcoin, bitcoin dominance, Bitcoin Price, Markets, Markets Analysis
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  • bitcoinBitcoin(BTC)$89,237.00-3.46%
  • ethereumEthereum(ETH)$3,027.97-3.77%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-3.27%
  • binancecoinBNB(BNB)$882.90-2.14%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.65-4.89%
  • tronTRON(TRX)$0.2857010.15%
  • staked-etherLido Staked Ether(STETH)$3,025.53-3.80%
  • dogecoinDogecoin(DOGE)$0.138980-6.03%
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  • bitcoinBitcoin(BTC)$89,237.00-3.46%
  • ethereumEthereum(ETH)$3,027.97-3.77%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-3.27%
  • binancecoinBNB(BNB)$882.90-2.14%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.65-4.89%
  • tronTRON(TRX)$0.2857010.15%
  • staked-etherLido Staked Ether(STETH)$3,025.53-3.80%
  • dogecoinDogecoin(DOGE)$0.138980-6.03%