Dominance means authority and control. Market dominance is a measure of comparing the cryptocurrency market value to the total market cap. Bitcoin, the father of the cryptocurrency market, has the largest market cap. Bitcoin dominance rate is 65.08%.

Cryptocurrency profits have outperformed considerably stocks, exchanges, and commodities in 2020. If you are not sure how to invest in 2021, cryptocurrencies may be your best and most profitable option! There are more than 500 cryptocurrencies on the market, so it's pretty difficult for a beginner to decide. Thus, we have briefly listed for you the promising cryptocurrencies in the long term.

Commonly abbreviated as BTC, Bitcoin is a digital currency. Unlike the traditional currencies like dollar, euro, etc. Bitcoin is not backed or controlled by any central bank, institution or government. Thanks to its peer-to-peer technology, the transaction management and the distribution of the Bitcoins is carried out by the network itself.

With the emergence of Bitcoin in 2009, it has begun to rapidly gain a place in our lives by adapting to many different sectors. This situation paved the way for bitcoin to pass as a means of payment in many places. 

Gold has been a reliable financial instrument for centuries. Limited supply is the main factor in this fact. Although all the gold reserves in the world have not yet mined, the supply of gold is absolute and cannot be produced when desired, like paper money. Bitcoin, which is considered as the gold of the digital world, also shows these very same features as gold.The number of Bitcoins currently available in the world is 18.4 million.