๐ง Crypto Knowledge Byte of the Day
Market Cap = Total value of a cryptocurrency in the market.
๐ Formula:
> Market Cap = Current Price ร Total Circulating Supply
๐งฎ Example:
If a coinโs price = $10
And circulating supply = 1 million coins
๐ Market Cap = $10 ร 1,000,000 = $10,000,000
๐ Why it matters:
Helps compare the size/value of different coins
Shows how dominant or risky a coin might be
๐ Categories:
Large Cap (Safe, stable): e.g. BTC, ETH
Mid Cap (Potential growth, moderate risk)
Small Cap (High risk, high reward)
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โDo you check market cap before investing in a coin?
Letโs discuss!๐
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