|#||Name||Price||Changes 24H||Market Cap||Volume 24H||Available Supply||Price Graph (7D)|
Learn More ABOUT CRYPTOCURRENCY MARKET CAPOn the heels of a meteoric bull run, the crypto markets now have a $500 billion market cap, an all-time high. That’s a large number. But wait, how can a coin be calculated and checked through the aid of market cap? We will know the reason behind now.
Market capitalisation is a well-known metric for conventional securities, but has unique implications in crypto. Market capitalisation is a measure of the value of a security. This works by multiplying the amount of outstanding stock shares by the current stock price. However, crypto is calculated by circulating supply of tokens multiplied by current value. If a coin has got 100 tokens outstanding and is trading for $10 a coin, it has a market capitalisation of $1000. There are roughly 18 million bitcoins in existence, and the price is about $9700 at time of writing. To sum it up, Bitcoin’s market capitalizations is approximately $174.5 billion.
Commonly, ratios and financial metrics are used to measure the stocks and bonds. To learn 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 forth. Having said that, crypto teams don’t publish financial statements, what metrics that do exist are all the more important Market cap provides a quick and easy check on how valuable a cryptocurrency is. Now, bitcoin is around $174 billion. Ethereum is the second-biggest, at $23 billion. Litecoin ($5.83 billion, Bitcoin Cash ($5.42 billion), and XPR($13.27 billion) round out the top 5.