Crypto Basics | How is a coin’s market cap calculated?
The turnover rate is generally measured by dividing 24-hour trading volume by market cap. It indicates how frequently holdings change hands.
Market cap is calculated by multiplying the price by the circulating supply. It isn’t the same as the amount of cash that has flowed in. When trading is thin, even a small amount of capital can significantly push up market cap.
Finally, the price: $BTC is quoted at 82834.65, 24h +0.06%.
Understand the fundamentals before getting started, and don’t make decisions on impulse.
#BTC
The turnover rate is generally measured by dividing 24-hour trading volume by market cap. It indicates how frequently holdings change hands.
Market cap is calculated by multiplying the price by the circulating supply. It isn’t the same as the amount of cash that has flowed in. When trading is thin, even a small amount of capital can significantly push up market cap.
Finally, the price: $BTC is quoted at 82834.65, 24h +0.06%.
Understand the fundamentals before getting started, and don’t make decisions on impulse.
#BTC