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/biz/ - Business & Finance

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9520938 No.9520938 [Reply] [Original]

what does "market cap" mean and how does it affect crypto prices

>> No.9520963

>>9520938
What the hell is going on here

>> No.9520995

I cant handle this pls stop

>> No.9521006

>>9520938
Its a reference to fallout

>> No.9521008

/biz/ is going slowly insane from the lack of any meaningful price action.

>> No.9521015

>>9520938
Shares outstanding * market price = market cap

Maybe if a company has public shares and a coin and debt outstanding somehow they affect each other? Wtf I don't know. Fuck you for asking you're not the boss of me

>> No.9521019

>>9521008
Ha popiti beeer pups

>> No.9521029
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9521029

>>9520963
>>9520995
>>9521006
>>9521008
>>9521019
hello
real question

>> No.9521035

>>9521015
Yea but what is it actually? Like is it a cap as in a limit? How does it increase if the price stays the same? Do you need mote circulating supply to increase market caps

>> No.9521103
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9521103

>>9521029
The market capitalization is the value of all the units of a cryptocurrency that are for sale on the market right now. It is a strong indicator of demand because it shows you how much money has been invested in a particular altcoin.

Basically, market cap is the estimated networth of a cryptocurrency, as given by CoinMarketCap.com.

The Market Cap is calculated by multiplying the Circulating Supply of a cryptocurrency by the Coin Price. The Circulating Supply is the number of units of a specific currency for sale in the market at any given time. The Coin Price is the cost of an individual unit of an altcoin.

On November 15, 2017, the Circulating Supply of Ethereum was 95.73 million, and the unit price was $330.98 for an Ether coin. That means the market capitalization for Ethereal was a little over $31.689 billion on that day.

Fortunately, you will not have to calculate Market Cap yourself because there are plenty of websites like CoinMarketCap that will do it for you. Taking a close at them and reading through the results can show you the potential value of a cryptocurrency.

>> No.9521130 [DELETED] 

>>9521103
Market "Cap" is short for Market Capitalization

>> No.9521133

>>9520938
It's a meme just like TA the only way to value a coin is to look at the supply, if it has more than 100 million coins its a shitcoin and will never be worth shit.

>> No.9521143

>>9521035
Market "Cap" is short for Market Capitalization