#MarketRebound
The real dominance is calculated in these currencies:
Bitcoin (#BTC )
Litecoin (#LTC )
Bsv (BSV)
Bcash (BCH)
Monero (XMR)
DASH (DASH)
Zcash (ZEC)
Ethereum Classic (#ETC )
Dogecoin (DOGE)
Decred (DCR)
Why?
Because it meets two important conditions:
- Proof of Work PoW
- Use case: cryptocurrencies that focus on solving issues related to the traditional financial industry, such as Bitcoin, whose original goal is to replace paper currency.
Its formula:
Bitcoin Dominance Index = Bitcoin Market Cap / Total Market Cap of the Cryptocurrencies Listed Above.
