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BNB dominance refers to the percentage of the total cryptocurrency market capitalization that Binance Coin (BNB) occupies, showcasing its relative significance and clout within the ecosystem. Here are some key points about BNB dominance ¹:

- *Current Dominance*: The current BNB dominance isn't available in real-time, but its dominance offers a pivotal snapshot of its market position.

- *Market Share*: Binance's market share has been growing continuously for five months, exceeding 40% since October 2023, despite facing regulatory challenges.

- *Factors Favoring BNB's Rally*: Key factors supporting BNB's potential surge include Binance's market dominance, increased blockchain activity, and price resurgence, with BNB currently 21% away from its all-time high of $690.

- *Trend Analysis*: The Binance Coin Dominance chart can be used as an indicator to understand how BNB is competing against the rest of the cryptocurrency market, with support and resistance lines proving valuable for trend analysis.

*Understanding BNB Dominance*

- *Excluding Stablecoins*: Analyzing BNB dominance excluding stablecoins provides a more precise insight into its genuine market position, as stablecoins don't exhibit characteristic price swings.

- *Market Sentiment*: BNB dominance helps decipher market sentiments, understand shifts, and formulate strategies, making it a powerful tool for traders and investors ¹.