February 22, 2024

Current Cryptocurrency Prices by Market Cap

What is the cryptocurrency market cap?
Market cap is one of the most used criteria in the industry for determining an asset’s worth. The total circulating supply of a cryptocurrency is multiplied by the current price to determine its market cap. 

What is the best way to use market cap?
Market cap is a financial measure that allows you to compare the total circulating value of different cryptocurrencies. Bitcoin and Ethereum, for example, have a market capitalization of more than $10 billion. They usually comprise of protocols with a proven track record and a thriving ecosystem of developers that maintain and improve the protocol while also creating new projects on top of it. When compared to other mid and small cap cryptocurrencies, large caps are often housed on more exchanges, have more liquidity, and are less volatile from a trading standpoint.

While market capitalization is a straightforward and intuitive comparative metric, it is not without flaws. Due to price volatility and the tokenomics of their supply, certain cryptocurrency projects may appear to have an inflated market cap. As a result, it’s recommended to utilise this statistic in conjunction with other research metrics including trading volume, liquidity, fully diluted value, and fundamentals.

# NamePriceChanges 24H Market CapVolume 24HAvailable SupplyPrice Graph (7D)

What are candlesticks in cryptocurrency charts?
Traders can use candlestick charts to get an understanding of price movement based on historical trends. The candlestick’s body depicts where the price of a coin opened and closed during the time period represented by the candlestick. In a crypto chart, a green candle signifies positive price changes, while a red candle reflects negative price changes. The peak and low prices for the period are indicated by the shadow.


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