All these information such as useful links, price chart, market and historical data can be found on the coin specific page of coin market cap. It is important to consider market cap in conjunction with other factors like the project’s technology, team, and adoption when making buying decisions. Thorough research and analysis are necessary to assess the overall potential of a cryptocurrency. One is that market cap represents the amount of money locked in a cryptocurrency.
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- These activities can artificially inflate or deflate the market cap of a cryptocurrency.
- Open interest (OI) is the total value of outstanding derivative crypto contracts that have not been settled yet.
- High trading volume suggests there is a lot of interest and activity surrounding a particular asset, while low trading volume may indicate a lack of interest or liquidity.
- Some may mistakenly believe that market cap provides insight into a cryptocurrency’s fundamental value or the quality of its underlying technology and project.
- Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games.
CoinMarketCap is a website / platform to get an overview of the cryptocurrency market capitalizations. It is just a tool and resource website that provides data on Cryptocurrency price, supply, trading volume, exchange platforms and many other information regarding digital assets. Crypto market cap is a measure of the total market value of cryptocurrencies. It is calculated by multiplying the current price of a cryptocurrency by its total circulating supply (i.e., the amount of the asset currently held in users’ wallets). This metric is used to gauge the size and importance of a cryptocurrency in the market, helping traders assess the initial coin offerings potential for growth and stability of a particular cryptocurrency.
Additionally, the technology and features of a cryptocurrency can also have an impact, as innovative and unique features can attract traders and drive up market cap. There’s a lot of debate about how much weight should be placed on the size of the cryptocurrency market. Some critics claim that it’s an unwelcome legacy of the stock market — leading to misguided investment decisions and contributing to substantial levels of fear and greed. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account.
Crypto Price
In this article, we explore what market cap is, why crypto traders think it is important, how it relates to crypto asset valuation, and how to calculate it. CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. Please remember that the prices, yields and values of financial assets change. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances. The world of crypto now contains many coins and tokens that we feel unable to verify. In those situations, our Dexscan product lists them automatically by taking on-chain data for newly created smart contracts.
The Green line represents price in USD, the Blue line is market cap, the Orange line is price in BTC and the Gray one is 24 hour volume. You can hover the mouse on this graph to see the price or market cap of the coin at any particular date. At the left hand side of this page is where you’ll find all the useful links about the particular cryptocurrency. For most coins you’ll find its website link, Bitcoin Talk announcement link, Block explorer link and other social links. Along with these links it also states whether it is a coin or token and if it is a coin then it is mineable or not. All these important links will make things easier and should help you to get started with the project.
Market cap is based strictly on coin price and circulating supply, while fundamental value is based on other factors like financial performance. It is important to understand the difference between these two metrics and consider both when evaluating digital assets. Positive news and adoption by major institutions can boost market sentiment and drive up demand for a particular cryptocurrency. This increased demand can lead to higher prices and, subsequently, a higher market cap. Total supply, on the other hand, is the maximum number of cryptocurrency tokens that will ever be created or exist on the blockchain, including coins that are not in public circulation. Some cryptocurrencies, like Bitcoin, have a fixed total supply, while others may have mechanisms for creating additional tokens over time.
What is the market capitalization for crypto?
Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use. Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. To home simplebar custom scrollbars made simple get started, simply buy Bitcoin or your preferred cryptocurrency via MoonPay using your credit card or any other payment method. In addition to this you can also use the slider underneath the chart or the zoom label towards the right to view this graph at specific time periods.
Moreover, the energy consumption of Bitcoin can easily be tracked and traced, which the same cannot be said of the other two sectors. Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. At present, miners are heavily reliant on renewable energy sources, with estimates suggesting that Bitcoin’s use of renewable energy may span anywhere from 40-75%. However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. On the flip side, countries like China have moved to heavily clamp down on Bitcoin mining and trading activities.