What does 'cap' stand for in the world of cryptocurrency?

3 answers

• Jan 09, 2022 · 3 years ago
  The term 'cap' in the world of cryptocurrency stands for market capitalization. It refers to the total value of a cryptocurrency, calculated by multiplying the current price of a single coin/token by the total supply. Market cap is an important metric as it provides an indication of the size and popularity of a cryptocurrency within the market. It can also be used to compare the relative value of different cryptocurrencies.
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• Jan 09, 2022 · 3 years ago
  When we talk about 'cap' in the world of cryptocurrency, we are referring to market capitalization. It's a measure of the total value of a cryptocurrency and is calculated by multiplying the current price by the total supply. Market cap helps investors and traders understand the size and potential of a cryptocurrency. It's an important factor to consider when making investment decisions.
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• Jan 09, 2022 · 3 years ago
  Market capitalization, often referred to as 'cap', is a key concept in the world of cryptocurrency. It represents the total value of a cryptocurrency and is calculated by multiplying the current price by the total supply. Market cap provides insights into the popularity and potential of a cryptocurrency. It's a useful metric for investors and traders to assess the market dynamics and make informed decisions. At BYDFi, we also consider market cap as an important factor in our trading strategies.
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