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EVALUATE MARKET CAP OF CRYPTOCURRENCYRight now, it’s always best to know that crypto markets have a $500 billion market cap, meaning it tops the meteoric bull run. That’s a large number. But what is market capitalization, why does it matter, and how could it help evaluate a coin? We’ll break that down today.
Market cap is a well-known metric for traditional securities, but has unique implications 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 present stock price. On the other hand, crypto is calculated by circulating supply of tokens increased by present value. For 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 capitalizations. There are roughly 18 million bitcoins in existence, and the price is approximately $9700 at time of writing. Bitcoin’s market capitalisation, consequently, is around $174.5 billion.
Commonly, ratios and financial metrics are utilized to measure the bonds and stocks. To know the value of stocks, there are plenty of things to check like price-to-earnings ratio, earnings per share, the current ratio, earnings growth, and so forth. You may use market capitalizations since it gives steps concerning how to learn on evaluating cryptocurrency simply because crypto teams doesn’t publish financial statements always. Bitcoin is sitting at around $174 billion. The top five on the list includes Ethereum at $23 billion, Litecoin $5.83 billion, Bitcoin Cash $5.42 billion and lastly is XPR $13.55 billion.