Market Capitalization and Supply: Measuring the Strength of Cryptocurrency! 📊💡
When analyzing any cryptocurrency, it is important to understand two key metrics:
Market Capitalization (Market Cap): This is the total value of all coins currently in circulation. It is calculated as: Current price of the coin × Circulating supply. A larger market capitalization usually indicates a larger and more stable project.
Circulating Supply: This is the number of coins that are currently in circulation and available for trading. Unlike total supply or max supply, circulating supply provides insight into the actual availability of coins in the market.
These indicators help assess the size of the project, its market share, and growth potential. Always analyze them in conjunction with other factors!