Key Market Data $XRP WCT
Here is where the most important terminology is detailed:
Rank NO.472: This is the market capitalization ranking of $WCT in relation to other cryptocurrencies. A rank of 472 means it is the 472nd largest cryptocurrency by market capitalization.
* Market capitalization $60.42M: Also known as Market Cap. It is calculated by multiplying the current price of the token by the amount of tokens in circulation.
* $0.3220 (price) * Amount of tokens in circulation = $60.42 Million dollars.
* Indicates the total value of all WCT tokens currently available in the market.
2. Fully diluted market cap $322.6M: (Fully Diluted Market Cap - FDMC). It is calculated by multiplying the current price of the token by the total maximum supply of tokens that will ever exist.
* $0.3220 (price) * Maximum supply = $322.6 Million dollars.
* This hypothetical value assumes that all possible tokens are in circulation. It is often much higher than the current market capitalization if there are many tokens yet to be released.
3. Market dominance 0.0018%: Indicates the percentage of the total market capitalization of all cryptocurrencies that WCT represents. A value this low means that WCT is a very small part of the overall crypto market.
4. Volume $26.02M: The trading volume in the last 24 hours. It is the total amount of WCT that has been bought and sold during that period. A high volume often indicates greater liquidity and activity.
5. Vol./Market cap 43.06%: It is the ratio between the trading volume of the last 24 hours and the market capitalization. A higher percentage may indicate greater liquidity and trading activity relative to the size of the token's market.
6. Circulating supply 187.29M WCT: (Circulating Supply). It is the amount of WCT tokens that are currently available and circulating in the market. It is the amount used to calculate market capitalization.
7. Maximum supply 1B WCT: (Maximum Supply). It is the total maximum amount of WCT tokens that will ever exist. Once this number is reached, no more tokens can be created. This contributes to scarcity and can influence long-term value.
8. Total supply 1B WCT: (Total Supply). It is the total amount of WCT tokens that have been created to date, minus any tokens that have been "burned" (permanently removed from circulation). In this case, it matches the maximum supply, meaning either all maximum tokens have already been created, or the amount "burned" is insignificant.
9. Concentration 7.17: This term is not so standard in cryptocurrency interfaces, but it might refer to the concentration of token ownership, i.e., what percentage of the tokens is in the hands of a small number of large holders (whales). A high value could indicate greater centralization.
10. All-time high $1.3667 2023-03-31: The highest price that WCT has reached in its entire history. In this case, it was $1.3667 and occurred on March 31, 2023.
11. All-time low $0.278037945176914 2023-04-15: The lowest price that WCT has reached in its entire history. It was $0.278... and occurred on April 15, 2023.
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