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Tips On How To MEASURE THE MARKET capitalizations OF CRYPTOCURRENCYOn the heels of a meteoric bull run, the crypto markets now have a $500 billion market cap, an all-time high. That’s a huge number. But how can a coin be calculated and checked by the assistance of market capitalization? We will know the reason behind now.
When it comes to traditional securities it is the market capitalization that examines every thing and has an involvement in crypto. Security would be measured and checked by the usage of market cap. This works by increasing the amount of outstanding stock shares by the current stock price. In crypto, it’s defined as the circulating supply of tokens multiplied by current price. As an example, a coin which has 100 tokens and yo trade it for $10, you multiply it and the result will be $1000 which is the market capitalisation. As for now there are $17 million bitcoins which leads to the cost of $9300. Bitcoin’s market capitalisation, therefore, is roughly $158 billion.
Traditionally, stocks and bonds have 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 current ratio, earnings growth, and so forth. Nevertheless, crypto teams don’t publish financial statements, what metrics that do exist are all the more crucial Market cap provides a fast and simple check on how valuable a cryptocurrency is. Bitcoin is sitting at approximately $159 billion. The top 5 on the list includes Ethereum at $67 billion, Ripple $33 billion, Bitcoin $25 billion and lastly is EOS $17 billion.