Bitcoin Dominance Chart (Social)

The Bitcoin Dominance Chart (Social) is a trusty tool, tracking Bitcoin's influence within crypto dialogue. High values suggest Bitcoin is steering the conversation - a spike may hint at exceptional price volatility due to trader focus. But, shifts happen. When Bitcoin's social dominance dips, it implies broader market diversification, making it a solid opportunity to sleuth for lesser-known altcoins. Crucially, Bitcoin's social dominance can indicate strategic moves: low dominance could signal a buying opportunity, given the decreased chatter might mean less hype. Alternatively, high dominance could indicate a market peak, suggesting a possible sell-off.