Dominance
By CoinGecko | Updated on Mar 03, 2020
In the cryptocurrency world, dominance commonly refers to the measure of how dominant a particular cryptocurrency is relative to the others for a given parameter.
One example is the Bitcoin market capitalization dominance, which measures Bitcoins market capitalization % relative to other measured cryptocurrencies. Dominance can also be applied on trading volume, or any other measurable metrics.
Related Terms
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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