How does coinmarketcap calculate the market cap of cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! Coinmarketcap calculates the market cap of cryptocurrencies by multiplying the circulating supply of a particular cryptocurrency by its current price. The circulating supply refers to the number of coins or tokens that are currently available and in circulation. The current price is determined by the average price across various exchanges where the cryptocurrency is traded. The market cap provides an estimate of the total value of a cryptocurrency and is widely used to compare the relative size and popularity of different cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  Coinmarketcap calculates the market cap of cryptocurrencies by taking the total supply of a particular cryptocurrency and multiplying it by the current price. The total supply refers to the maximum number of coins or tokens that will ever exist for that cryptocurrency. The current price is determined by the average price across multiple exchanges. This calculation gives an indication of the overall value of a cryptocurrency and helps investors and traders understand its market position.
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• Nov 24, 2021 · 3 years ago
  When it comes to calculating the market cap of cryptocurrencies, coinmarketcap takes into account the circulating supply and the current price. The circulating supply represents the number of coins or tokens that are actively being traded in the market. The current price is determined by the average price across different exchanges. By multiplying the circulating supply with the current price, coinmarketcap calculates the market cap, which provides an insight into the overall value and popularity of a cryptocurrency. It's important to note that market cap can fluctuate as the circulating supply and price change.
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