Bitcoin Dominance Index [BDI] falls short of Bletchley Ethereum Token Index [BETI] in 2019

2019-5-26 18:00

One of the key factors which is often used to represent or indicate the potential of a particular cryptocurrency’s growth is its market capitalization. When the market capitalization of a coin or token showcases a positive hike, it usually has a positive impact on that particular asset’s market.

According to LongHash, the Bitcoin Dominance Index [BDI], which is used to measure Bitcoin’s market cap had been the dominant index since the beginning of 2019. It was observed that the BDI improved from 53 percent to 58 percent over the past few weeks after the largest crypto-asset underwent multiple price hikes.

XRP, which dominated Bitcoin by 1,600% back in 2017 on cryptocurrency exchange Bittrex in 2017, was currently down by almost 50% against Bitcoin in 2019. Ethereum [ETH] fared better comparatively, but was still down by 14% against the Bitcoin.

However, the Bletchley Ethereum Token, a token built on top of Ethereum, seemed to have outperformed Bitcoin this year.

The Bletchley Ethereum Token Index [BETI] can be utilized by investors for their allocation to tokens placed on top of the Ethereum blockchain. However, it should be noted that Ethereum is not a part of the index as it is an independent entity. The BETI is a weighted index, which means that the tokens with dominant market caps will take up a larger part of the index and the re-balance will take place at the end of a particular month.

For example, Tron [TRX] and Binance Coin [BNB] currently take up more than half of the BETI’s Weighted Index. Since the launch of their DEX, BNB has enjoyed a lucrative year with multiple hikes bringing the coin to $30 from under $6. Tron also witnessed major growth in market cap as it was up by 40% in comparison to the US dollar.

However, it is important to note that the major tokens on the BETI’s weighted index have all launched their own blockchain, at press time. Hence, it can indicate that the dominance enjoyed by BETI over the BDI over the last few months could point to a situation where the Ethereum blockchain was preferred for the launch of various tokens.

Despite the aforementioned reason, it is safe to state that Bitcoin was not the only entity which dominated the crypto-space this year.

The post Bitcoin Dominance Index [BDI] falls short of Bletchley Ethereum Token Index [BETI] in 2019 appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

index token bitcoin dominance market particular capitalization

Источник: ambcrypto.com

index token → Результатов: 38


Yearn Ecosystem Token Index (YETI) Launched For Diversified DeFi Portfolios

A new index token has been launched for the Yearn Finance ecosystem, enabling investors to get broad exposure to all assets on the protocol under one index. The Yearn Ecosystem Token Index, or YETI, has been unveiled by meta-governance protocol PowerPool as a way to diversify a portfolio with a number of tokens within the … Continued The post Yearn Ecosystem Token Index (YETI) Launched For Diversified DeFi Portfolios appeared first on BeInCrypto.

2020-12-10 09:41


AMOS ICO

AMOS is a fitness technology solution, integrating distributed AI computing analysis and blockchain to provide a new experience on sports and exercising. a . Smart Sport Watch: AMOS calculates the calories burned by the user with smart sport watch and motivates the user to exercise through token feedback.

2018-11-28 14:34


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Tripterium T50 ICO

Tripterium T50 is a tokenized, closed-end index fund (CEF), which passively tracks the top fifty cryptocurrency assets by market capitalisation, in order to deliver healthy returns. The fund has a Venture Capital Feeder Fund, which will invest in expertly-vetted early stage blockchain technology companies that are seeking to undertake an Initial Coin Offering (ICO), therefore benefitting from the ICO returns.

2018-7-22 20:34


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP market watch - Can network activity help altcoin after 9% drop?

XRP registered a double-digit decline in the last 48 hours Many addresses have become more active recently XRP has been at the end of significant price movements over the last few days, hittThe post XRP market watch - Can network activity help altcoin after 9% drop? appeared first on AMBCrypto.

Picasso’s Granddaughter: Our Family Will Continue Producing NFTs

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative.

Golden Globe-Winner John Legend to Introduce NFT Platform for Musicians

The renowned singer, songwriter, and producer – John Legend – launched a non-fungible token (NFT) platform for musicians and entertainers. His partners in the initiative are Chris Lin – the man in charge of the digital music service KKBOX, Kevin Lin – Co-Founder of Twitch, and Matt Cheng – Founder of Cherubic Ventures.

GameStop to Launch a Blockchain-based NFT Marketplace

The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund.

Bitcoin Cash hard fork BCHA faces 51% attack

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence. The anonymous miner, known as voluntarisThe post Bitcoin Cash hard fork BCHA faces 51% attack appeared first on AMBCrypto.

Data clarifies why 2020 is a defining year for Bitcoin

The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over thThe post Data clarifies why 2020 is a defining year for Bitcoin appeared first on AMBCrypto.