BTC On Its Way Out The Door, Discover Who Will Be The New Boss!

Today we’re tracking the Market Dominance of the two top coins by Market Cap, Bitcoin and Ethereum.

As a quick review, Market Capitalization is the total number of coins multiplied by current price. How much of the Total Market Capitalization (the Crypto Industry as a whole) one coin makes up is the Dominance of that coin (a percent of the Total Market).

Our chart shows the Dominance of BTC (in Blue) and ETH (in Red) with an overlay of a third, golden line.

Looking first at Bitcoin and Ethereum’s Dominance, we see BTC losing dominance but… ETH hasn’t gone up to account for the entire difference. ETH has of course gone up a little, most likely in anticipation of the halvening, and from a little conversion to ETH from BTC. But looking at these two alone brings up a new question: if Bitcoin isn’t losing dominance to Ethereum, then to who?

The Golden Line:

Looking at the rest of the market, we see that interest is flowing not from the biggest coin simply to the second biggest, but to a mix of everything else in general. These are the Alt-Coins.

Our gold line represents the Market Dominance of Bitcoin over Market Dominance of both ETH and many smaller Alt-Coins. It is worth noting, however, that what we are excluding in this golden line is most DeFi and large L1 projects because they tend to move with ETH anyways.

Photo by Elle Hughes

This ratio, then, means that as BTC is losing dominance, no single coin (like ETH) is taking over, but that everyone else is getting a piece of the pie.

And, with the latest Total Market Capitalization rallying above the $1 Trillion mark, that means everyone is getting a bigger piece of a bigger pie! Yum!

If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter!

Join us on Discord for live chat and daily updates!

You found this content helpful ?

  1. 1
    Join our free weekly "Bubble Bulletin" for more
  2. 2
    Join us on Discord for live chat and daily updates
  3. 3
    Follow us on Twitter
  4. 4
    Share this content using the buttons below :


This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.


August 28, 2022

March 8, 2023

May 9, 2023

July 21, 2023

November 21, 2021

February 5, 2023

June 11, 2021

October 3, 2022

November 8, 2022


June 13, 2024

June 11, 2024

June 10, 2024

June 6, 2024

June 5, 2024

June 4, 2024

June 3, 2024

May 29, 2024

May 28, 2024

What do do now?

Join the free 1.2 Labs "Bubble Trading" Bulletin for new trading strategies, macro & sentiment analysis and occasional free airdrops