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HOW TO MEASURE THE MARKET CAP OF CRYPTOCURRENCYRight now, it’s best to know that crypto markets have a $500 billion market cap, meaning it tops the meteoric bull run. That’s a big number. But wait, how can a coin be calculated and checked by the aid of market capitalization? We will break that down now.
With regards to traditional securities it is the market capitalization that examines everything and it has an involvement in crypto. Security will be measured and checked by the use of market capitalization. It normally contains multiplying the amount of excellent stock shares by the present stock price. In crypto, it’s defined as the circulating supply of tokens multiplied by current price. As an example, a coin that has 100 tokens and yo trade it for $10, you multiply it and the result would be $1000 which is the market capitalizations. There are about 18 million bitcoins in existence, and the cost is approximately $9700 at time of writing. To sum it up, Bitcoin’s market capitalisation is around $174.5 billion.
Traditionally, bonds and stocks have been analyzed via financial metrics and ratios. 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 Having said that, crypto teams do not publish financial statements, what metrics that do exist are all the more essential Market cap provides a fast and simple check on how valuable a cryptocurrency is. Bitcoin is sitting at approximately $174 billion. The top 5 on the list includes Ethereum at $23 billion, Litecoin $5.83 billion, Bitcoin Cash $5.42 billion and lastly is XPR $13.55 billion.