Why is market cap important? Price is just one way to measure a cryptocurrency’s value. Investors use market cap to tell a more complete story and compare value across cryptocurrencies . As a key statistic, it can indicate the growth potential of a cryptocurrency and whether it is safe to buy, compared to others.
Read moreHow is market cap of a coin calculated?
Market Capitalization is one way to rank the relative size of a cryptocurrency. It’s calculated by multiplying the Price by the Circulating Supply. Market Cap = Price X Circulating Supply .
Read moreWhat does market cap dominance mean?
Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market . When we compare this ratio to the trend of Bitcoin itself, we can learn more about what opportunities the current market environment offers.27 Kas 2021
Read moreWhat is dominance of Bitcoin?
Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin . It can help you understand the trend of BTC and alts. See the current Bitcoin dominance.
Read moreWhat is market cap dominance in crypto?
Market capitalisation is an indicator that measures and keeps track of the market value of a cryptocurrency . Market cap is used as an indicator of the dominance and popularity of cryptocurrencies. Though this metric is widely used, more information before making trading decisions is recommended.
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