๐ What is Market Cap? The Key to Valuing Cryptos! ๐ฐ
Market Cap = The total value of a cryptocurrency! But why is it important? ๐ค
๐ Market Cap Formula:
๐ Price per Coin ร Total Circulating Supply ๐
๐ Categories of Crypto Market Cap:
โ Large Cap (> $10B): Bitcoin, Ethereum โ Safer, steady growth! ๐
โ Mid Cap ($1B - $10B): Solana, Avalanche โ More potential but some risk! โก
โ Low Cap (< $1B): Undiscovered gems but high risk, high reward! ๐
๐ก Pro Tip: High market cap = more stability. Low market cap = more potential but more volatility!
๐ฅ Whatโs your favorite mid-cap gem? Letโs discuss! ๐๐ฌ