Cardano (ADA) dominance history up to April 23, 2024
how strong Bitcoin is compared to all the other cryptocurrencies that are not BTC, called "altcoins". In the case of Cardano, the dominance somewhat reveals the coin's growing popularity as an alternative to Ethereum, it being a popular blockchain for Decentralized Finance (DeFi) applications.
The dominance of Cardano increased more than four-fold in 2021, although figures in November 2021 were lower than at the end of August. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market - for instance, it shows