Discover and read the best of Twitter Threads about #MarketCapitalization
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1/7🧵 Let's dive into the concept of #MarketCapitalization in the world of #cryptocurrency. We'll also explore how it applies to #eGLD.
Market cap helps to evaluate the size and value of a digital asset, but how does it work? 🤔💰
Market cap helps to evaluate the size and value of a digital asset, but how does it work? 🤔💰
2/7 Market Capitalization (Market Cap) = Circulating Supply * Current Price. It represents the total market value of a cryptocurrency & can be used to rank digital assets relative to each other.
This metric has its limitations, but it's a useful starting point for comparisons.
This metric has its limitations, but it's a useful starting point for comparisons.
3/7 For example, #Bitcoin is often ranked as the largest cryptocurrency by market cap.
📊This means that the total value of all circulating Bitcoin is higher than that of any other cryptocurrency in the market.
📊This means that the total value of all circulating Bitcoin is higher than that of any other cryptocurrency in the market.
