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May 3 7 tweets 3 min read Twitter logo Read on Twitter
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? 🤔💰 Image
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.
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.
4/7💰 Let's take a closer look at the #eGLD token.
Suppose there are 20 million eGLD tokens in circulation with a current price of $100 each. To calculate the market cap, multiply the circulating supply (20M) by the price ($50):

Market Cap = 20,000,000 * $50 = $1,000,000,000
5/7 Keep in mind that market cap isn't everything!

🚨It doesn't account for liquidity, the depth of the market, or the project's fundamentals.

Always do your own research (#DYOR) and use multiple metrics to evaluate a cryptocurrency.
6/7 Market cap can also be misleading during market fluctuations. 📉 A sudden increase in price could inflate a coin's market cap, making it seem more valuable than it really is.

Be cautious and consider other factors when assessing a project's value.
7/7 In conclusion, market capitalization is a useful metric for understanding the relative size and value of cryptocurrencies, such as #eGLD.

🔍However, it's important to consider other factors and do your own research before making any investment decisions.

#marketcap

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More from @ThePalmTreeNW

Apr 12
1/6 APR in Crypto: A Thread 🧵

Curious about APRs in the world of #cryptocurrency? Let's dive into APRs related to crypto, and how they can help you earn passive income. Get ready to explore the crypto universe! 💫

#CryptoAPR #DeFi
2/6 In crypto, APR (Annual Percentage Rate) represents the estimated yearly return on your investment in liquidity pools or yield farms.

It takes into account factors such as fees, rewards, and compounding interest. APR helps you compare different investment opportunities.
3/6: APR calculates the annual return on your investment, assuming you don't reinvest your earnings. It doesn't take into account the power of compound interest. 📊

Make sure to consider platform reputation, longevity & token utility when evaluating crypto investment. 🤔
Read 6 tweets
Apr 5
1/4 We love ♥️developments that, through their simplicity, can solve a problem with astonishing ease.

🙋🙋‍♀️How many of us end up holding small amounts of various tokens in our wallets that never seem to grow?

#xDustconverter has long since offered us an interesting solution. Image
2/4 Something as simple as:

✅ going to xdustconverter.com
✅connecting your wallet
✅selecting the coins you want to convert to eGLD
✅and clicking "convert small amounts"

will allow you to make a profit from those small amounts you store.

#crypto #conversion #savings
3/4 And the incredible thing is that it's an open-source tool! How awesome is that?!" 🎉🙌

You can view the code of the #xDustConverter smart contract using the new SC validation feature on the explorer at

explorer.multiversx.com/accounts/erd1q…
Read 4 tweets
Apr 3
1/9 🔬 Today, we'll explore how @MultiversX's Adaptive State #Sharding is an advanced technique that enhances the scalability and efficiency of #blockchain networks.

Let's dive in! 🧵👇
2/9 Instead of simply dividing the information into smaller fragments, it uses a smarter approach 🤖 to distribute the information based on its relevance and accessibility.

#sharding #blockchainsharding
3/9 The Adaptive State #Sharding uses a 🌐 network of #nodes divided into domains, each with its own task and responsibility assignment.

These nodes are divided into two categories

✅central nodes
✅peripheral nodes.
Read 9 tweets
Mar 29
1/7 🔥@itheum has teamed up with @Cointelegraph to spread its mission of data ownership through blockchain-powered tools.

Leveraging Ct's global audience and Accelerator Program, they aim to reach the masses and democratize data ownership.

Let's dive into Itheum's world 🧵👇
2/7 @itheum have a suite of Web3 tools enabling streamlined trading of user data, featuring a decentralized data exchange that empowers data ownership in the #Metaverse and brings new market value.

🙋Reclaim control of your data and participate in platform gov through a #DAO
3/7 @Itheum enables bridging of high-value data from Web2 to Web3, facilitating P2P trades.

Their suite of privacy-preserving, regulation-friendly, and cross-chain products and tools offer comprehensive core #blockchain data infrastructure for enterprise and consumer use cases.
Read 7 tweets
Mar 27
1/7 Impermanent loss 💰is a common term in DeFi (decentralized finance) that refers to the temporary loss of funds that liquidity providers (LPs) may experience when they provide liquidity to a liquidity pool. 👇🧵 Image
2/7 When LPs provide liquidity to a pool, they contribute funds to 🔁buy and sell two different tokens in a fixed ratio.

As the prices of these tokens fluctuate, the ratio of their values in the pool may change, resulting in a shift in the LP's portfolio composition.
3/7 This change in portfolio composition can lead to impermanent loss, which is the temporary reduction in the LP's portfolio value compared to if they had just held the tokens outside the pool. 💸.

For example:
Read 7 tweets
Mar 22
1/6 Today we're gonna give a shoutout 🙌to the awesome work that a DEX like @jexchangeP2P is doing for the @MultiversX ecosystem, especially in the early stages of a project when credibility and #liquidity are crucial for survival.

Let's get started! 🧵👇
2/6 One of the big challenges for a project when it's starting out is getting the necessary #liquidity and, once you've got it, building a #community. 👨‍👩‍👧‍👦

#JEXchange is super valuable, especially for projects just starting out🌟, before they face the challenge of creating a LP.
3/6 Bear markets make it even tougher 🛠️- liquidity tends to gravitate towards more established projects.

That's why #decentralized exchanges that make it easy to create liquidity pools 🌊are key to a project's success and growth.

#crypto #liquidity #dex
Read 6 tweets

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