Bitcoin
\$9,776.97 -0.52%
BTC · 4w

# Bitcoin is still dominating the market as the most popular crypto among investors

The cryptocurrency market is filled with doubt. Much doubt comes from unknowns. Unknowns regarding the legitimacy of specific assets, the adoption, the community support and more.

This article is intended to highlight the assets that are actually being held by crypto investors. This is not based on speculation, but actual data collected from tens of thousands of cryptocurrency investors.

Shrimpy executes up to 150,000+ trades every day for cryptocurrency investors. Each investor connects to exchanges that we use to complete orders. This has helped us create a snapshot of what assets are the most held by investors.

Definitions

Before digging into the data, there are two terms we need to define. These terms are “dominance” and “popularity”. In this context, we are using these terms for specific metrics.

Dominance - The dominance is calculated as the average percent allocation that is held by a specific asset across all user portfolios.

Essentially, this value is calculated by summing the percent allocation of each asset across every portfolio and then divided by the number of portfolios.

Example: If we have 10 different portfolios, each portfolio will hold a variable percent of each asset. Anywhere from 0% to 100% of a single asset.

Imagine each portfolio that holds BTC. The percent of BTC in each portfolio could be: 15%, 35%, 53%, 75%, 2%, 0%, 99%, 71%, 33%, and 100%.

The dominance is therefore: (15% + 35% + 53% + 75% + 2% + 0% + 99% + 71% + 33% + 100%) / 10 = 48.3%

Popularity - Popularity is the percentage of people that hold any percent greater than zero of the asset in their portfolio. Whether the person holds 1% or 99% it does not matter.

This value is calculated by summing the number of portfolios that hold ANY amount of an asset and then dividing by the total number of portfolios.

Example: If we have 10 different portfolios, each portfolio will hold a variable percent of ...

Continue on blog.shrimpy.io

Bitcoin
\$9,776.97
1K
bitcoinist.com

Bitcoin
\$9,776.97
12
youtu.be

#### Right now Bitcoin has 'mass awareness'. But, listen to Willy Woo give the most REALISTIC answer I've ever heard to: When will Bitcoin reach mass adoption?? [Unconfiscatable Conference 2020]

Bitcoin
\$9,776.97
4
Recent news
BTC -0.52% · youtu.be · 15h

#### Right now Bitcoin has 'mass awareness'. But, listen to Willy Woo give the most REALISTIC answer I've ever heard to: When will Bitcoin reach mass adoption?? [Unconfiscatable Conference 2020]

The United States's U.S Treasury is tracking bitcoin holders...as a U.S. citizen, here is what you can do. Plus listen to Willy Woo predict when we will reac...
BTC -0.52% · cryptopolitan.com · 16h

#### New EU crypto law set to boost mainstream crypto adoption

As the new EU crypto law comes into effect following the implementation of ‘Fifth Anti-Money Laundering Directive’ (AMLD5), the sector will receive a much-awaited push in the region. As per the new re...
BTC -0.52% · anchor.fm · 18h

#### Bitcoin Rapid-Fire: Rapid-Fire: Jeff Vandroux

Jeff Vandroux is an attorney, CPA, bodybuilder, BTCPayServer Contributor, and the founder of Keykeeper IRA. I came to know Jeff via his discussion with Marty Bent on the Tales from the Crypt Podcast. ...
BTC -0.52% · bitcoinist.com · 20h

#### Twitter CEO, Jack Dorsey is Pushing Bitcoin’s Benefits For Black America

Jack Dorsey wants people to to check out at a new book that discusses Bitcoin's potential to benefit the African-American community.
12
BTC -0.52% · thedailychain.com · 21h

#### Can Bitcoin beat Central banks’ Inflation with upcoming halving?

Bitcoin’s inflation rate would drop to 1.8%. The number is lower than the inflation target of 2% set by most central banks.
BTC -0.52% · 7bitcoins.com · 22h

#### The Bitcoin Halving Will Lower the BTC Inflation Rate to 1.8%

In less than two months the time will finally come for the long-awaited ‘ Bitcoin halving ‘. That is the moment when the amount of bitcoins that is mined per block is halved. At the moment the miners ...
BTC -0.52% · youtube.com · 23h

#### *Fixed* For everyone who says BTC is dead, how many of those original 10 are on this list in 2020 :)?

With cryptocurrencies getting more and more popular, which ones have been able to stay the most valuable over time? Surely the ones that were created first? ...
1274