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Total cryptocurrency market cap is a flawed metric skewed by by hundreds of illiquid projects with overstated market caps
By using the top 20 non-ERC20 cryptocurrencies instead of all 2,000+ cryptocurrencies, we get a much more representative metric
If the total market cap is adjusted to top 20 market cap, Bitcoin’s dominance is at nearly 59%
Because of illiquid projects with overstated market caps, the total cryptocurrency market capitalization is overstated and Bitcoin’s dominance is understated
Footnotes
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