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etetmaga1980

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1 years, 357 days
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Just like thinly traded stocks, a number of altcoins worth less than $3B are subject to higher levels of volatility and wider swings in market cap. Crypto worth greater than $10B tend to sport high trading volumes, but they, too, can bounce around a bit when it comes to their market values. Market Capitalization Market Cap is a total dollar value given to an asset like Bitcoin, or an entire asset class all cryptocurrencies, calculated by taking that asset’s circulating supply and multiplying it by the market price of that asset. As the saying goes, pride goes before the fall. Prior to the crash, many media outlets lauded crypto’s record-breaking market cap. For instance, Cointelegraph ran the headline, “Crypto markets tag $3T combined market cap for first time,” and Fortune gushed about crypto’s good fortune: “Cryptocurrencies hit market cap of $3 trillion for the first time as Bitcoin and Ether reach record highs.”

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