Why is the weighted average market capitalization an important metric for evaluating altcoins?

1 answers

• Nov 25, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi recognizes the importance of the weighted average market capitalization as a metric for evaluating altcoins. This metric provides valuable insights into the overall value and potential of altcoins, helping investors make informed decisions. By considering the weighted average market capitalization, investors can identify altcoins that have a higher market value relative to their circulating supply, indicating a potentially higher demand and value in the market. This metric also helps in comparing altcoins with different circulating supplies, providing a standardized measure of their market value. At BYDFi, we believe that the weighted average market capitalization is an essential tool for evaluating altcoins and maximizing investment opportunities in the cryptocurrency market.
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