What is the relationship between the circulating supply and market cap of Shiba Inu?

3 answers

• Dec 19, 2021 · 3 years ago
  The circulating supply of a cryptocurrency like Shiba Inu refers to the total number of coins or tokens that are currently in circulation and available for trading. On the other hand, the market cap of Shiba Inu is calculated by multiplying the current price of each coin by the total circulating supply. In simple terms, the market cap represents the total value of all the coins in circulation. Therefore, the circulating supply directly impacts the market cap of Shiba Inu. If the circulating supply increases, the market cap will also increase, assuming the price per coin remains constant. Similarly, if the circulating supply decreases, the market cap will decrease as well. It's important to note that the market cap is just one metric used to evaluate the value and potential of a cryptocurrency like Shiba Inu.
  819410
• Dec 19, 2021 · 3 years ago
  The circulating supply and market cap of Shiba Inu are closely related. The circulating supply refers to the number of Shiba Inu coins that are currently available and in circulation. The market cap, on the other hand, is calculated by multiplying the current price of each coin by the total circulating supply. This means that the market cap represents the total value of all the Shiba Inu coins in circulation. Therefore, any changes in the circulating supply will directly impact the market cap. If the circulating supply increases, the market cap will also increase, assuming the price per coin remains constant. Conversely, if the circulating supply decreases, the market cap will decrease as well. It's important for investors and traders to consider both the circulating supply and market cap when analyzing the potential of Shiba Inu or any other cryptocurrency.
  870290
• Dec 19, 2021 · 3 years ago
  The relationship between the circulating supply and market cap of Shiba Inu is straightforward. The circulating supply refers to the number of Shiba Inu coins that are currently available for trading. The market cap, on the other hand, is calculated by multiplying the current price of each coin by the total circulating supply. This means that the market cap represents the total value of all the Shiba Inu coins in circulation. Therefore, any changes in the circulating supply will directly impact the market cap. If the circulating supply increases, the market cap will also increase, assuming the price per coin remains constant. Conversely, if the circulating supply decreases, the market cap will decrease as well. It's important to keep an eye on both the circulating supply and market cap of Shiba Inu as they can provide valuable insights into the overall value and potential of the cryptocurrency.
  907227