
Quarterly market share of selected cryptocurrencies, based on market cap 2013-2022
how strong, for example, Bitcoin is compared to all the other cryptocurrencies. A comparison between Bitcoin and multiple other coins reveals that the shape of the crypto market has changed dramatically over time.
Bitcoin's role within the overall cryptocurrency market declined in 2021, whilst Ethereum lost terrain to stablecoins like Tether and USD Coin. This according to a metric that compares a coin's market cap relative to the overall crypto market called "dominance". This ratio shows