Cryptocurrency Q&A
What is the market cap of cryptocurrency?
What is the market cap of cryptocurrency?
Dario
Thu Jul 11 2024
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7 answers
1581
Could you please elaborate on the concept of market capitalization, specifically in the context of cryptocurrency? Market cap, in its essence, represents the total value of a cryptocurrency or a company's outstanding shares. In the realm of cryptocurrencies, it is calculated by multiplying the total number of coins or tokens in circulation by their current price. This metric is often used to gauge the relative size and significance of a cryptocurrency within the broader digital asset market. Understanding market cap can provide insights into a cryptocurrency's popularity, liquidity, and potential for growth or decline. Could you further discuss its significance and how investors typically utilize it in their decision-making process?
7 answers
Sofia
Sat Jul 13 2024
Ethereum Gas Price: The current gas price on the Ethereum network stands at 127 Gwei.
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BitcoinBaron
Sat Jul 13 2024
Market Capitalization: The total market capitalization stands at $1.41 trillion, representing a 5.65% change in the past 24 hours.
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TaekwondoMasterStrengthHonor
Sat Jul 13 2024
24-Hour Volume: The trading volume within the last 24 hours amounts to $76.41 billion, reflecting a significant increase of 75.15%.
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Martino
Sat Jul 13 2024
Dominance: Bitcoin (BTC) dominates the market with a share of 51.8%, while Ethereum (ETH) holds a respectable 17.4% dominance.
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CosmicDreamWhisper
Fri Jul 12 2024
Fear & Greed Index: The Fear & Greed Index is currently sitting at 74/100, indicating a relatively neutral sentiment among investors.
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