Insights

Realized cap could be the new benchmark for measuring Bitcoin’s value

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Bitcoin realized cap is currently sitting around 60% from roughly 50% last year, and it’s 20% higher than in 2018.
Realized cap gives a much more accurate version of events as it substituted the current token price with the price when the token last moved.
In addition, it filters out founder coins, and if a token has never moved, its realized price is zero.
While Bitcoin market cap dominance currently sits below 48%, a vast difference from the realized cap dominance.
CryptoSlate did a thorough analysis of realized cap vs. market cap both from an all-time high drawdown and report.

Bitcoin market cap dominance: (Source: Trading View)

Disclaimer: The TRX_ETH metric is only for the ERC-20, so it isn’t fully representative of the actual market cap and we have had issues with both BNB and DOT nodes, so the metrics aren’t fully updated (CoinMetrics)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.