Bitcoin Dominance Increases, ETH’s Market Share Slides, Stablecoin and Smart Contract Coins Rise – Market Updates Bitcoin News

On Wednesday, the crypto economy of 12,620 coins across 543 exchanges sits just above the $2 trillion mark. Since the market crash of the crypto economy, bitcoin market dominance among all existing coins has slowly increased from the 37% zone to the 38% range. Meanwhile, Ethereum's market dominance has decreased from 18.6% to 17.7% since January 6.

Bitcoin and Ethereum Dominance Changes, Major Stablecoins and Smart Contract Tokens Control Over 44% of the $2 Trillion Crypto Economy

Bitcoin (BTC) market dominance has increased while Ethereum (ETH) The dominance of the crypto economy has declined in the last two weeks. Market dominance is the overall valuation of the crypto asset compared to the entire crypto market economy of $2.08 trillion.

On January 6, 2022, BTCEthereum dominance slipped to its lowest position in three years (37.7%) as of June 3, 2018. The metric rose to the region of 38%, while ethereum market dominance fell from 18, 6% to 17.7%.

A host of other coins have seen changes in market dominance and crypto asset binary coin (BNB) it has a market dominance rating (MDR) of around 3.37%. Tether (USDT) commands an MDR of 3.35% and Cardan (ADA) it has 2%.

the stable coin USDCToday's MDR is 1.95% and of sunshine (SUN) the market valuation is 1.85%. The Distributed Ledger Technology Token xrp (XRP) The market capitalization represents 1.51% of the current crypto market economy.

Following XRP, is of the Earth (MOON) market valuation dominating 1.22% of the crypto economy, and moles (DOT) 1.03%. The $173 billion in stablecoins represents 8.30% of the crypto economy and the $738 billion worth of smart contract platforms is 35.36% of the value of all currencies in existence today.

The $11.8 billion in privacy coins It is around 0.56% of the net worth of the crypto economy on Wednesday. same corners, however, command 2.15% of the digital currency economy with $45 billion.

What do you think about the market dominance changes of bitcoin and ethereum in the last two weeks? What do you think about the 44% value added of stablecoins and smart contract tokens they represent today? Let us know what you think about this topic in the comments section below.

jamie redman

Jamie Redman is the news lead at Bitcoin.com News and a fintech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.