Bitcoin's implied volatility has been skyrocketing, and it's a boon to some of the world's top investors.

It is not a secret that Bitcoin is the leading cryptocurrency in the cryptocurrency ecosystem, both for its value and for its market capitalization, but what is Bitcoin's real dominance in the market?

According to the Weed Profit System app Bitcoin has increased its volatility from 55to 65 percent according to data provided byWeed Profit System. This parameter, known as "implied volatility", assesses the market's expectation of the change in the price of a particular asset over the next month.

As investors prepare for a market with ups and downs, the price of Bitcoin continues to drop. Due to the coronavirus outbreak the volatility of the markets has increased, including that of Bitcoin. 

Meanwhile, the U.S. population is losing more as the outbreak of the coronavirus rises and there are concerns about the potential economic impact. In addition to previous concerns, talks between OPEC and Russia failed over the weekend, causing a 30 percent drop in crude oil prices.

In fact, an index that calculates volatility for 30 days close to where it was during the financial crisis. Still, some Bitcoin currency traders are surprised that there is no more panic in the market.

The corrected growth expectations would have a greater impact on bitcoin-related stocks, which could be playing with more optimistic sentiment.

Apart from asset types, volatility rise is good for some investors who thrive during such market conditions. High-frequency traders make money on the screen during the price at which investors want to buy and sell stocks, making the market during these conditions. When volatility increases, that deployment expands, and companies can generally make more money.

The same logic applies to cryptocurrency market makers, according to industry sources.Many of them are unbanked, nor do they have access to the traditional financial system, nor to the dollars of the American system. The crypto system can represent an opportunity in the midst of this context of massive devaluations. It is not that people buy cryptocurrencies as such, but that they use crypto channels to have positions in stablecoins or things that preserve value 

Analysis of the current situation, and its possible development, is based on market behaviors in the past, which he claims are a reflection of societies and human behavior. Only this time there is a new element that also comes into play: bitcoin

Benefits of Bitcoin

Bitcoin has dominance over the rest of the crypto currencies, above 90%, although based on reported figures, the estimate is almost 70% compared to the others. Market currencies analyzes the potential of crypto currencies and the possibilities offered by opening up the market to block chain technology, conducted an analysis to find out what Bitcoin's real domain is in the market.

To find out the dominance of the cryptocurrency, the Weed Profit System app calculated the market capitalization of the currency, its price multiplied by its current offer, and dividing it by the total market capitalization of all the currencies.

Its results turned out that, a specialized website with high influence on information on all the digital currencies on the market.

A good indicator of the positioning of a cryptocurrency should take into account the volume of trading or operations, and review the data from certified exchange offices. Applying this to Bitcoin gives a total of 91.4%, which places him as the king of the market.

The analysis points out that every day Bitcoin stays ahead, any other cryptocurrency is less likely to compete against it.

It is important to understand that not only for investors and those who are building payment infrastructure, but also for those who are developing solutions that take advantage of the security of a public blockchain. The value of Bitcoin is what makes your blockchain the most secure and makes users take good care of their private keys

For Weed Profit System app analysts, bitcoin is currently the most widespread and reliable virtual currency, highlighting among its benefits the ability to make money transfers from one account to another without the need to have the intermediation of a bank, in addition, each transaction can be verified. Therefore, it is a totally secure crypto currency.