Cryptocurrency Market Cap
Despite all the doom-mongers, cryptocurrency is a huge business and here to stay. However, because a cryptocurrency is created by software, it is relatively easy to make a new one, or, more likely, a new version of an existing one. There are hundreds of cryptocurrencies in existence, well over 1500, but most will wither away and die (as others have). It is currently like the old Wild West, where only the strong will survive the current gold rush.
What is Cryptocurrency Market Cap?
So, what is cryptocurrency market cap? One measure of the strength of a cryptocurrency is the total value of all the digital coins (a.k.a. tokens or units) in the cryptocurrency marketplace (the Internet). The buyers, sellers and users of this digital money determine its value, when comparing that value to the money normally used in a country (fiat currency). That value is determined by how many people are doing the buying, selling, holding (a.k.a. hodling) and using of the cryptocurrency, i.e. trading. The more people trading in a cryptocurrency the more likely it is to rise in value. The total value of all the coins of a cryptocurrency is known as its capitalization (capitalisation), or simply market cap.
Cryptocurrency Market Cap Calculation
The market cap is easy to calculate. Take the current value of a digital coin, and multiple it by the number of coins circulating. For example, if 18.5 million Bitcoins are in circulation, and each coin is worth $16000, then market capitalisation is 18.5m X $16000 = $297000 million ($297 billion).
A List of Websites Providing Cryptocurrency Market Cap Data
There are websites that display the market cap of cryptocurrencies. Some data providers have a web page listing cryptocurrencies and their market cap. See the following examples of cryptocurrency market cap listings. Note that the Alexa website ranking was at the time of the update of this article (see the date at the article end). Some pages use data supplied by other sites, for example Yahoo! Finance uses CoinMarketCap's data:
|Live Coin Watch||14281|
|coincap by ShapeShift||62516|
|Brave New Coin||72061|
|OnChainFX by Messari||171869|
If you want to add your market cap data page to this list, get in contact, firstname.lastname@example.org.
Note: External sites have no relationship with Tek Eye and may contain referral links.
- Commodity.com has a cryptocurrency guide to help those new to cryptocurrency and interested in trading.
- What is Cryptocurrency?, the Ultimate Guide for Begineers by Jesús Cedeño
- See what Wikipedia has on Cryptocurrency
- View the Tek Eye full Index for other articles.
Author:Daniel S. Fowler Published: Updated: