What does the 200m in the context of cryptocurrencies refer to?

3 answers

• Jan 10, 2022 · 3 years ago
  The 200m in the context of cryptocurrencies refers to the total supply of a specific cryptocurrency. It represents the maximum number of coins or tokens that will ever be created for that particular cryptocurrency. This number is significant because it determines the scarcity and potential value of the cryptocurrency. The lower the total supply, the higher the potential value, as there are fewer coins available for trading.
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• Jan 10, 2022 · 3 years ago
  When we talk about the 200m in the context of cryptocurrencies, we are referring to the market capitalization of a specific cryptocurrency. Market capitalization is calculated by multiplying the current price of one coin or token by the total supply. It represents the total value of all the coins or tokens in circulation. The 200m signifies the size and popularity of the cryptocurrency in the market.
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• Jan 10, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, uses the 200m as a benchmark to evaluate the potential of a new cryptocurrency listing. They consider cryptocurrencies with a total supply of 200m or less to have a higher chance of success in terms of price appreciation and market demand. This is because a lower total supply often leads to increased scarcity and perceived value among investors.
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