I've been wondering about bitcoin dominance
We know it as a measure of bitcoin's market cap against the alts, but do we have any clarification on which alts?
I feel like I heard once it was against the other coins in the top 100 on CMC.
When people first started tracking it, there was nothing worth a damn outside the top 100; now we have $50 million tokens outside the top 100.
I've been googling around a bit for clarification, but can't find anything definitive.
I think it has a greater effect than what people realize considering there are new coins coming in all of the time that are adding some significant amounts that might go untracked by the obvious measures. It definitely makes it hard to use historical information as a measure and one day, there are likely to be hundreds of coins ranking in the billions.