*Warning / Disclaimer: This article is not investment advice and nor does it imply that you should trade cryptoassets. Trading any kind of asset involves high levels of risk. Consult a professional before engaging in any type of investment activity. It is possible to lose all of your money and even end up in debt when trading shares and assets. This article only provides definitions of certain terms featured on Coinbase as of the date and time this article was published. Definitions may be subject to change. Refer to Coinbase for updates.
The 6 pieces of information you should know when trading on Coinbase:
Market Cap:
The current price of a cryptoasset multiplied by its current circulating supply.
Market Cap = Current Price of Cryptoasset x Current Circulating Supply
Volume (24 Hours):
The total dollar value of all the transactions related to a cryptoasset over the past 24 hours. Includes data from all exchanges, not just those of Coinbase.
Circulating Supply:
The amount of the cryptoasset that is currently liquid and in circulation.
Popularity on Coinbase:
The popularity of the cryptoasset on Coinbase relative to other cryptoassets on Coinbase.
Trading activity (24 Hours):
The percentage of Coinbase users who increased or decreased their net position in the cryptoasset over the past 24 hours, through trades.
Typical Hold Time:
The median time that Coinbase users hold a cryptoasset before selling it or transferring it to another account or address.
A type of graph and details that you may find on Coinbase:
Screenshot taken on the 25/09/2020.
Source: Coinbase [https://www.coinbase.com]
Lead image: By WorldSpectrum from Pixabay
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