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#MONITERING The Monitoring Tag is a tag used on the Binance platform to classify cryptocurrency projects that are relatively more established when compared to Seed Tag projects, which are in their initial stages of development.

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IS BITCOIN AN ACTUAL COIN? Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions

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WHY DOES BITCOIN (BTC) DOMINANCE MATTER ???? The Bitcoin (BTC) dominance metric is considered important for several reasons: * Market direction indicator: Bitcoin dominance can be used to understand market sentiment. When BTC dominance is high, it generally implies that investors are more confident in Bitcoin relative to other cryptocurrencies. This can be during times of market uncertainty or volatility, when investors may see Bitcoin as a 'safer' bet because of its larger size and more established reputation. Conversely, when BTC dominance is low, it could mean that investors are more willing to take risks on other, potentially higher-reward cryptocurrencies. Asset diversification: For investors, understanding Bitcoin dominance can help guide decisions about diversifying their portfolio. If Bitcoin dominance is high, they might consider diversifying into other cryptocurrencies to reduce risk. If Bitcoin dominance is low, they might see this as an opportunity to invest in Bitcoin. Market maturity indicator: Bitcoin was the first cryptocurrency and for a long time, it completely dominated the market. However, as the cryptocurrency market matures, many other crypto assets have been developed with unique features and use cases. Therefore, a decline in Bitcoin dominance over time is seen by some as a sign of the cryptocurrency market becoming more mature and diverse. Trading strategy: Traders often look at Bitcoin dominance to decide whether to invest in Bitcoin or altcoins (all other cryptocurrencies). When Bitcoin dominance is increasing, traders might move their assets into Bitcoin expecting it to outperform altcoins. Conversely, if Bitcoin dominance is decreasing, traders might move their assets into altcoins expecting them to provide higher returns. It's worth noting, however, that while Bitcoin dominance can provide some insights, it's not a definitive guide to investment strategy or market health. The cryptocurrency market is influenced by many complex factors, and Bitcoin dominance is just one part of the picture.

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BITCOIN DOMINANCE Bitcoin (BTC) dominance is a metric used to measure the relative market share or dominance of Bitcoin in the overall cryptocurrency sector. It represents the percentage of Bitcoin's total market capitalization compared to the total market capitalization of all cryptocurrencies combined.

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