#CFTCCryptoSprint Does a coin's ranking on Binance mean it's a safe investment? Not necessarily!
Many people think that a coin's ranking on the Binance platform means it's high in price, but the truth is different. A coin's ranking is determined by market cap, not individual price.
Rank is determined by market cap = unit price x number of units actually in circulation (circulating supply), not individual price.
✅ $XRP is currently ranked third globally by market cap, with a price of approximately $3.01.
✅ (Shiba Inu) $SHIB is ranked 22nd by market cap, with a price of approximately $0.0000123, due to the availability of trillions of units.
The number of units in circulation has a strong impact on determining market cap:
A coin with a low price may have a high market cap if there are a large number of units, while another with a high price may have a lower ranking if there are a small number of units.
🚨 Therefore, investing depends on more meaningful factors than just ranking:
Understanding the project
Technical and fundamental analysis
Liquidity and trading volume
Monitoring news and regulatory conditions
Don't invest just because the currency is ranked highly...
Invest because you truly understand the project 🌹
Love you all very much ❤️
