How to calculate Market Cap?

In the world of crypto market capitalization (also known as market cap) refers to the total value of all the coins or tokens in circulation. It is calculated by multiplying the current price of a cryptocurrency by its circulating supply. For example,

Bitcoin Cash ( BCH).

The current price of BCH is $144.

The circulating supply is 21 million

So market capitalization would be

144.0 price × 21million supply

= $3.03 Billions.

Why market cap?

Market capitalization is often used as a measure of the size or importance of a cryptocurrency and is an important factor in determining its position in the overall cryptocurrency market. Higher market capitalization generally indicates a more established and widely recognized cryptocurrency, while lower market capitalization may indicate a newer or lesser-known cryptocurrency

Top 10 currency by market cap.

Data is for 20th June , because market cap varies with price.

• Bitcoin (BTC): 24,515,413,373

• Ethereum (ETH): 1,177,543,592

• Tether (USDT): 68,051,509,648

• Binance Coin (BNB): 63,821,034,524

• Cardano (ADA): 15,230,306,913

• Solana (SOL): 11,823,160,909

• XRP (XRP): 7,124,720,821

• Polkadot (DOT): 6,922,427,105

• Dogecoin (DOGE): 772,921,009

• Uniswap (UNI): 6,329,270,759

• Bitcoin cash (BCH): 3,028,457,768

Top Crypto with Circulation supply.

Bitcoin (BTC): 21,000,000 BTC

Ethereum (ETH): 124,900,000 ETH

Tether (USDT): 68,051,509,648 USDT

Binance Coin (BNB): 192,532,200 BNB

Cardano (ADA): 32,032,750 ADA

Bitcoin cash ( BCH) :21,000,000 BCH

The market cap is symbol of strength, dominance and size of any Crypto currency and investors always looks into it before any investment. It is also a visibility scale of project which present the power and energy in the currency.

Note: The article published on publish0x as well .

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Cheers,

Amjad

Lead image: Pixabay ( modified)