It can reduce the dominance rate of Bitcoinįluctuations in Bitcoin price: Bitcoin's value can vary widely, depending on the market scenario.Price fluctuations can, in turn, affect BTC dominance.It's worth noting that BTC dominance should not be taken as a measure of its overall market performance.Though BTC holds the top position in the market, altcoins can be profitable investments, considering the market volatility. In simple terms, BTC dominance refers to the share of the total cryptocurrency market capitalization that is represented by Bitcoin.The cryptocurrency market is highly volatile, and various factors can affect the dominance rate of BTC.Currently, BTC dominance is hovering around 65%, which means that out of the $2 trillion cryptocurrency market, Bitcoin's market cap is approximately $1.3 trillion.įactors affecting BTC dominance Bitcoin market cap: One of the significant factors affecting BTC dominance.The higher the market cap of Bitcoin, the more dominant it becomes in the market.Entrance of new altcoins: With the advent of new cryptocurrency, investors have more options to invest in the crypto market. Whether you're a seasoned trader or just starting out, this post will provide valuable insights to help you navigate the cryptocurrency market.Understanding BTC DominanceBitcoin (BTC) is undoubtedly the most famous and valuable cryptocurrency out there in the market.Its reputation, in terms of market capitalization, is much higher than any other altcoin.Therefore, it's essential to understand what BTC dominance is and how it affects the entire cryptocurrency market.
#Reflection calculator safemoon how to#
These calculations do not take this into account and actual reflections and burn contribution will vary.Market Cap BTC Dominance, CALCULATED BY TRADINGVIEW BTCDĪs the world slowly becomes more financially reliant on digital currencies, it's becoming increasingly important to understand the nuances of trading in the cryptocurrency market.One of the most important concepts in the industry is Bitcoin Dominance (BTC Dominance), which refers to the percentage of the total cryptocurrency market cap that's held by BTC.Additionally, there are numerous factors that affect market cap and ultimately impact the value of different cryptocurrencies.In this blog post, we'll explore these concepts in-depth and show you how to navigate TradingView's calculator to make informed decisions when trading cryptocurrencies.
Currently (August, 2021) not all exchanges contribute to the global burn and reflections. However, in the real world, volume and market cap will fluctuate day to day. * Days to Burn stop and Estimated Total SFM Owned are based on the daily volume and market cap staying the same every day. 0025) * (Qty of Safemoon Owned / circulating supply) Watch the YouTube Video Explanation by MoonMark.
#Reflection calculator safemoon update#
This page uses the following formula (see update below): The burn wallet balance is as of 0:00 UTC each day. You may also select one of the popular coins to pre-load the 30-day average daily volume and market cap for that coin. You can update the field amount after clicking a button to get custom entries. Clicking a field will open a modal with a text field and Buttons you may click to quickly enter popular amounts. Enter values in the above fields to calculate how long until the burn stops, how many safemoon you will have and the annual USD value of your reflections.
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