Explaining how to know the currency and the number of pieces available for trading, and whether its price can reach a specific price, and calculating the market value of the currency
Also the number of coins that were burned
Follow the official currency news
I will explain all of this in this article for beginners.
First, to know the number of currencies currently available in the market
We will enter the currency, for example.$TRUMP
Step 2: Click on Currency Information
Number of pieces traded in the market
You will find them at trading supplies and they are the currently traded pieces in the market.
Maximum supply
It is the total number of coins in circulation, but only 200 million have been released to the market, as we mentioned above, meaning that 800 million have not been released into circulation yet.
Now we come to the total currency minus the number that was burned 👇
Total supply
It is the total number of coins minus the number that were burned.
Burning: meaning it does not exist. Burning is usually done in order to raise the value of the currency, or through each transaction a certain part is burned.
Market value 👇
It is the actual currency price multiplied by the trading supply, the number of currencies in the market for trading, which gives us the result of the market value.
Some numbers are approximate and not 100% correct. There is a slight difference.
Fully discounted market value 👇
It gives you the market value if all the coins are put into circulation, which is one billion, and in order for its price to be what it is, the market needs to pump 39 billion to be the same as today’s price.
I will tell you at the end of the article if you see a post telling you that the pepe coin will reach $1
Now we come to the currency information such as the official website and what is the currency project
We go down to know the rest of the details of the currency and its project.
If you want to follow news from the main currency source and general publications about the currency
go to square
You can follow public posts or currency news from its official source from project updates.
Now we come to choosing the currency in case you want a currency for the long term and want to invest in it
First, we come to the currency project. Does it have an existing project that can be used? Also, are there any legal problems with the currency?
We do simple calculations if you see a post telling you that the pepe coin will reach $1.
First, we go to the currency information and see the total supply.
We have 420 trillion pieces to get to $1 we need a market value of 420 trillion the process is simple $1 times total supply
Bitcoin's market value is only 2 trillion, which is the highest value in the market.
Some people walk on emotions and posts that attract some people to rise without knowing the reality of the currency, which has no project at all. You can speculate in the currency, but do not dream of $1 unless most of the currency is burned and 6 billion pieces remain, and this is impossible because the total number currently in circulation
Some may tell you that the market value of the coin $XRP is higher than $SOL , but its price is lower?
Here you must review the total number of coins. The sol coin is much less than the xrp coin, so we see that the sol price is much higher. You must know the number of trading supplies and set a market value to know where the coin can reach.
Assuming that we have 100 billion XRP coins and that it has an existing banking transaction project, here I build your expectations for the market value to reach 400 billion dollars. Its price will become 4 dollars. Of course, currently only half of the number is being traded, but it is expected that the rest of the number will be offered for trading. If we assume that the rest of the number is not offered, its price will become double, 8 dollars.
Each currency has a number that is determined by the currency owners and cannot be increased. Some of them are also burned and a specific number is made available and the rest of the number is added in the future.
Do your calculations, add an expected market value and see what the expected price of the coin would be if it had a real project.
Do not forget to follow currency news as it has a great and rapid impact on the currency.
God willing, I have succeeded in explaining some matters. If you have any comments, please leave them in the comments.