Market Cap is the amount of Fiat money (USD, GBP etc) currently invested into a Cryptocurrency.
Market cap gives us the real indication of the size of a currency. Let’s say that we expect Ethereum to become the same size as Bitcoin one day. What we’re actually saying here is that we believe the market cap of Ethereum will be the same as the Market Cap of Bitcoin.
Hopefully you guys can see now that the price of a currency gives NO indication whatsoever about the size of a currency or its potential to grow. Instead, the Market Cap represents both of these things so, when you are comparing currencies, you should ALWAYS USE THE MARKET CAP AS A GUIDE, NOT THE PRICE.
You can check more at bitcoinwiki, there's is very good article about crypto basics
Topic: Information about Marketcaps. (Read 179 times)
In my opinion, you the market cap is a good indicator, and only this.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
Doesnt matter what coin it is even if its a legit project, or hype. If i can convince you to purchase in creating less supply, and hype the heck out of it, I will turn a profit and move on.
In my opinion, you the market cap is a good indicator, and only this.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
It's funny how you called Cardano a coin that isn't good, but called DeepOnion innovative? lol. Cardano's whitepaper is actually good, the issue is only that it doesn't have a working product yet it's already top 5 on coinmarketcap. Whereas DeepOnion? I don't think "innovative" and "onion" should be used in the same sentence.
Coins with low caps have more room to grow but quite often people think that cheap coins can cost as much as bitcoin even though their supply 100 times higher. That's why coins with high cap but low price still grow. Examples are XRP and TRX. Some people really think that it can hit $100 and higher.
In my opinion, you the market cap is a good indicator, and only this.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
Be careful with coins like Tron, Cardano, Doge, etc... If you are looking for long-term investment they are not good coins. They don't have nothing different or unique, than others already have.
Look for innovative coins, like Waves, Onion, etc... These kind of coins have a huge potencial for the future.
However if you want only sort profit/daily trading, every coin may be good.
You cant determine a coin's potential through marketcap. It's really just dependent on how much hype it has and how much of that certain coin will buy.
About supply: coins with lower supply simply has a lot of room to grow compared to coins with high supply, due to low supply coins being easier to rise in price if people are buying good amounts. That's why coins like XRP/TRX/XLM/etc's prices are very low because it's circulating supply is very high, compared to bitcoin's current circulating supply of only 16.8 million, compared to XRP's 38 billion, TRX's 65 billion, and XLM's 17 billion.
Hope you get my point.
About supply: coins with lower supply simply has a lot of room to grow compared to coins with high supply, due to low supply coins being easier to rise in price if people are buying good amounts. That's why coins like XRP/TRX/XLM/etc's prices are very low because it's circulating supply is very high, compared to bitcoin's current circulating supply of only 16.8 million, compared to XRP's 38 billion, TRX's 65 billion, and XLM's 17 billion.
Hope you get my point.
Thank you, I completely understand this.
Hi,
Thats a good information. But but things like volume, supply, transactions amount and their effect on the price.
Does these things have impact on the coin evaluation? All these really confuse newbie like me.
As XRP as price very low but it is 3rd largest by supply whereas some other altcoins are trading at high price but their supply is very less.
That's really confusing.
Thats a good information. But but things like volume, supply, transactions amount and their effect on the price.
Does these things have impact on the coin evaluation? All these really confuse newbie like me.
As XRP as price very low but it is 3rd largest by supply whereas some other altcoins are trading at high price but their supply is very less.
That's really confusing.
You cant determine a coin's potential through marketcap. It's really just dependent on how much hype it has and how much of that certain coin will people buy.
About supply: coins with lower supply simply has a lot of room to grow compared to coins with high supply, due to low supply coins being easier to rise in price if people are buying good amounts. That's why coins like XRP/TRX/XLM/etc's prices are very low because it's circulating supply is very high, compared to bitcoin's current circulating supply of only 16.8 million, compared to XRP's 38 billion, TRX's 65 billion, and XLM's 17 billion.
Hope you get my point.
About supply: coins with lower supply simply has a lot of room to grow compared to coins with high supply, due to low supply coins being easier to rise in price if people are buying good amounts. That's why coins like XRP/TRX/XLM/etc's prices are very low because it's circulating supply is very high, compared to bitcoin's current circulating supply of only 16.8 million, compared to XRP's 38 billion, TRX's 65 billion, and XLM's 17 billion.
Hope you get my point.
Hey guys,
This might be a stupid question but I need some information on Market-caps.
If a coin has a big market cap does it mean that it still has room to grow in price as well as Market-caps?
For example, if a market like Tron / Stellar which has a huge market-cap and supply and is still at a low price, how does it affect its overall net growth?
Some information on the topic would be nice as I am quite confused.
Thanks
This might be a stupid question but I need some information on Market-caps.
If a coin has a big market cap does it mean that it still has room to grow in price as well as Market-caps?
For example, if a market like Tron / Stellar which has a huge market-cap and supply and is still at a low price, how does it affect its overall net growth?
Some information on the topic would be nice as I am quite confused.
Thanks
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