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Learn More ABOUT CRYPTOCURRENCY MARKET CAPAt this time, it’s always best to know that crypto markets have a $500 billion market cap, meaning it tops the meteoric bull run. And that number is way too big. But what is market capitalization, why does it matter, and just how can it help evaluate a coin? We will break that down today.
Market capitalisation is a well-known metric for traditional securities, but has unique implications in crypto. Market capitalization is a measure of the value of a security. It normally consists of multiplying the amount of outstanding stock shares by the present stock price. In crypto, it’s defined as the circulating supply of tokens multiplied by present price. If a coin has 100 tokens outstanding and is trading for $10 a coin, it has a market capitalizations of $1000. As for now there are $17 million bitcoins which leads to the price of $9300. Bitcoin’s market cap, therefore, is around $158 billion.
Traditionally, bonds and stocks have already been analyzed via financial metrics and ratios. To know the value of stocks, there are tons of things to check like price-to-earnings ratio, earnings per share, the present ratio, earnings growth, and so on. You can use market cap since it gives steps concerning how to learn on evaluating cryptocurrency mainly because crypto teams does not publish financial statements always. Now, bitcoin is approximately $159 billion. The top five on the list includes Ethereum at $67 billion, Ripple $33 billion, Bitcoin $25 billion and lastly is EOS $17 billion.