Total Crypto Market Overview

Generally speaking, yes - a high cryptocurrency market cap is seen as a good thing, since it means that there’s a lot of money coming into the crypto market. If the total crypto market cap charts showcase a consistent upwards trend, it essentially means that the market might be in a bull run, and that there’s a lot of excitement and hype surrounding some of the biggest crypto projects.

A low crypto trading volume means that the particular cryptocurrency in question isn’t very popular, and not many people trade it. This is common with newer and smaller projects. On the flip side, if an exchange platform has a low trading volume, this usually signals that traders aren’t keen on using it, and are searching for alternatives.

The cryptocurrency that makes up the majority of the total crypto market cap, and that has the highest standalone market cap, is Bitcoin. It’s the most popular crypto project in the world, followed by the likes of Ethereum (ETH), the Tether stablecoin (USDT), the Binance Coin (BNB), and a few other major projects.

Yes - if a crypto exchange has a high trading volume, it usually signals that many traders trust the platform, and choose it for their trading and investing needs. Larger and more well-known exchanges usually have significantly higher market caps than their less-known or niche-specific counterparts, and thus, are responsible for a major part of the total crypto market cap charts.

The dominance score of a specific cryptocurrency showcases where that crypto stands, from the perspective of a general crypto market overview - or, in other words, what’s its valuation relative to the rest of the market. Dominance is usually measured with Bitcoin and Ethereum, but the metric can be applied to any other crypto asset, as well. A high BTC dominance, for example, is often seen as a positive thing, since it means that people are investing more into Bitcoin than into other cryptocurrencies.

Cryptocurrency gas fees are paid when transacting on the Ethereum, BSC, or Polygon networks, in the form of Gwei - a specific denomination of ETH, used for just this purpose. The gas fees that you pay will depend on market activity, network congestion, the speed at which you want your transaction to be completed, as well as a myriad of other circumstances. Traders pay gas fees so that the validators would keep on confirming the transactions happening on the blockchain, and thus, keep the network safe - it can be seen as a type of service fee.