1 day ago · Should bitcoin ever reach a $1 trillion market cap, one unit would have to be trading at roughly $54,, meaning the price would require an additional surge of roughly percent. Tags: bitcoin. Crypto market cap charts The charts below show total market capitalization of Bitcoin, Ethereum, Litecoin, XRP and other crypto assets in USD. You can also compare market cap . The current CoinMarketCap ranking is #3, with a market cap of $22,,, USD. It has a circulating supply of 45,,, XRP coins and a max. supply of ,,, XRP coins. The top exchanges for trading in XRP are currently Binance, Huobi Global, 24crypto.de, HBTC, and Dsdaq. You can find others listed on our crypto exchanges page.
Coin market cap bitcoinGarrick Hileman: A $1 Trillion Market Cap Is in Bitcoin's Future | Live Bitcoin News
Total market cap indicates the value of the whole cryptocurrency market. With thousands of cryptocurrency tokens now afloat, the total market cap is that of all existing altcoins. Financial theory typically posits that the bigger an altcoin, the slower will be its subsequent growth rate. This is based on legacy blue chip analysis, and not always appropriate in the world of digital coins.
Similar to theories punted by penny cap investors, a newly minted altcoin should find it far easier to triple or more in price as opposed to a market leader like bitcoin. This has to be traded off against the equally real prospect of a new coin not experiencing uptake and falling in price shortly after release.
Hence, while bitcoin has time and huge global favor on its side, it cannot hope for a novelty window that jumps its price dramatically anymore.
On the other hand, a new crypto token might be able to rapidly gain in value, yet it has its novelty and market competition to deal with, and therefore there are no guarantees either. Lower market cap coins are also open to abuse by traders and especially whales large-scale investors. There is no history nor many case studies that afford the coin respectability among global investors. A bugbear of regulators the world over, this kind of market manipulation is symptomatic of the problems legislators seek to address, as these practices are dark in legacy investing too.
It follows logically that such attempts directed at bitcoin would be useless, as the project has a much higher value and trading volume. Attempting to manipulate the bitcoin market would involve vast sums of money and is, for all intents and purposes, not possible — or certainly not effective or worthwhile trying.
As has been shown above, market capitalization cannot be the only tool employed by any diligent investor, yet it also cannot be left out of any serious analysis.
Market cap opens the door to a comprehensive and best-possible analysis of a digital currency. Viewing any metric or other indicator in isolation cannot give a trader the big picture. Market cap is typically an indication of the size or value of an altcoin.
Cryptocurrency investment is still an extremely volatile space, and investing in any digital currency by looking at any one singular metric is a recipe for getting it wrong. Current price, market cap, circulating supply and future supply-and-prospects all need to be seen together before a cryptocurrency can be evaluated.
In crypto business, this term describes the market value of a cryptocurrency. Comparing to the stock market, where the market cap describes a total number of stock shares multiplied by their current price, the equation for the crypto market cap looks like this:. To make good investing decisions, you would want to know the total value of the company.
The price of a token alone is not enough information to make good crypto investing decisions. The price of A is 0. If we want to calculate the market cap of a new cryptocurrency, we should multiply the price of the coin 0. The price of B is 50 dollars and it has a total supply of 84 million. When you compare the cryptocurrencies A and B only by their coin price, you would think that B is better because its times more expensive than A. But, when you look at the total supply, cryptocurrency A has a much bigger total number of coins than B.
Due to the larger number of coins, it could have a higher market cap than A. Also, if the total supply increases and the price stays the same, B could have a higher market cap than A. Total supply is the term that describes a total number of coins in existence.
That also includes coins that are somehow locked or not for sale yet. Max supply is the total number of cryptocurrency coins that could possibly be created.
Cryptocurrency investors use Circulating Supply most often because it describes only the coins available to everyone in the public market. This gives better measures of the market cap. The market cap and the total amount of money invested are not the same. Market cap does not reflect the total number of fiat currency that investors put in digital tokens. Example 1.
Market cap would remain 20 million even though there is only one dollar invested in coins. Example 2. Increased demand increases the price, that also increases the market cap. The price of the coin would suddenly fall and the total amount of money people could get would be less than the market cap was. In , a well-known company JP Morgan showed a difference between Bitcoin market cap and fiat money invested in Bitcoin. They said that investors put 6 billion dollars in up to and the total market cap was billion.
So, every time an investor puts 1 dollar in Bitcoin, the market cap grows for 50 dollars. Ask any newbie to the crypto scene what the first website they found when searching for bitcoin prices and they will invariably answer you with CoinMarketCap CMC. It's no wonder, as it is possibly the largest website when it comes to cryptocurrencies. It is relied upon by many traders to make judgment calls, by journalists looking to do research and is the perfect entryway for someone who knows nothing about cryptocurrencies to get a feel for what's what in crypto land.
CMC provides good information about all possible cryptocurrencies , as well as offering charts and statistics to boot. It strikes a balance between accuracy and breadth of detail — there have been mutterings that exchanges feed bad information to the site, but that is another topic entirely. It is also the most popular website according to Alexa. It currently stands at number most popular website on the entire internet.
So… it's pretty useful and pretty important. That said, there are many out there who don't know how to use CMC to its full potential, and many have been using it for years while only scratching the surface of what it can be used for. Let's take a look at the following tips to help you get the most out of this precious online resource.
Look at the very top of the homepage of CMC. This is the global market indicators and they are an invaluable tool that many simply ignore when first landing on the page. It's always a quick scroll or searches to find a favored cryptocurrency that people want to keep tabs on.
The global market metrics allow you to take the pulse of the market at any point in time. Showing how many cryptocurrencies there are, how many markets there are, what the current overall market cap is and the trading volume over the last 24 hours. There is also one more key metric they provide at a glance. It is BTC Dominance.
This is the market cap of Bitcoin compared to the market cap of all other coins put together. This metric alone is good to have on hand, to see where the market is going in terms of independence fro the big one. Click on a coin and you will be given a plethora of information. The market cap of the coin, the trading volume and price are all available at a glance.
Dig a little deeper and you'll be able to see some metrics on the supply of the coin in question. Circulating supply, total supply, and maximum supply. Those three are extremely important to see how any single is faring and to put news about the coin into perspective. Then there are the charts, which can be customized at all sorts of data points. CMC has provided exchanges with reliable and fast integrations so that anything you see is what is happening in the market right with a minimum of delay.
This is amazing, as it's not everyone that can pull data from hundreds of exchanges and thousands of different coins in a manner that seems so easy.
The system they have built is genuinely robust and is one of the reasons why so many people choose CMC as their price watching software of choice.
While not every currency is listed on CMC, the vast majority are. This is especially important when you take into consideration that new coins are being made every day. While other platforms might have certain coins that CMC does not have, it's a sure bet that CMC will win out over any competitor due to the sheer weight of the numbers it does have.
One of the key aspects of CMC's system is that they are not only there to show you the prices and carts of each specific coin.
They provide links as well. Anyone who is new to the industry can use the links section under the rank on the left side to read whitepapers, go to the official website of the coin, find a technical documentation and much much more.
Cryptocurrency exchanges live and ie by their liquidity. CMC allows you to view the top exchanges based on their volume.
They have various options to filter and sort exchanges so when you need to find the right place to do your trading… you really only need to look at one place. With that being said, a number of new websites have now taken matters into their own hands and have decided to present investors, crypto enthusiasts with real-time data that reflects the true value of a cryptocurrency.
Over the course of the past few years, Coinmarketcap has been able to gain a massive foothold over the global cryptocurrency market — primarily by incentivizing exchanges to inflate their reported trading volume.
As many of our readers might be well aware of, CMC ranks exchanges using their reported as well as adjusted volume. These market dynamics ultimately determine the current price of any given cryptocurrency.
CoinCodex tracks more than crypto exchanges and thousands of trading pairs to make sure that our data is as reliable as possible. Generally, cryptocurrency price data will be more reliable for the most popular cryptocurrencies. A liquid market has many participants and a lot of trading volume - in practice, this means that your trades will execute quickly and at a predictable price.
In an illiquid market, you might have to wait for a while before someone is willing to take the other side of your trade, and the price could even be affected significantly by your order. For smaller alternative cryptocurrencies or altcoins , there can be noticeable price discrepancies across different exchanges. Bitcoin is the most popular cryptocurrency and enjoys the most adoption among both individuals and businesses. However, there are many different cryptocurrencies that all have their own advantages or disadvantages.
If you value a highly secure and decentralized network above all, Bitcoin is probably your best bet. This is because the Bitcoin network consists of thousands of nodes spread geographically and is secured by a massive amount of computing power. On the other hand, if you require transactions to be very fast and cheap, Bitcoin is probably not the best choice due to the relative inefficiency of its Proof-of-Work design. If you want to use decentralized applications and need smart contract functionality, a cryptocurrency such as Ethereum or EOS would be the best choice.
The cryptocurrencies listed here are used as examples to illustrate the point that the best cryptocurrency depends on your specific requirements and use case. Cryptocurrency was invented by Satoshi Nakamoto , which is the pseudonym used by the inventor of Bitcoin.
Even though digital currency concepts existed before Bitcoin, Satoshi Nakamoto was the first to create a peer-to-peer digital currency that reliably solved the issues facing previous digital money projects. Bitcoin was initially proposed in and launched in early Crypto market capitalization or "crypto market cap" for short is a widely used metric that is commonly used to compare the relative size of different cryptocurrencies.
On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage. We also track the total cryptocurrency market cap by adding together the market cap of all the cryptocurrencies listed on CoinCodex. The total market cap provides an estimate on whether the cryptocurrency market as a whole is growing or declining. Circulating supply refers to the amount of units of a cryptocurrency that currently exist and can be transacted with. Crypto market cap matters because it is a useful way to compare different cryptocurrencies.
If Coin A has a significantly higher market cap than Coin B, this tells us that Coin A is likely adopted more widely by individuals and businesses and valued higher by the market.
On the other hand, it could potentially also be an indication that Coin B is undervalued relative to Coin A. Even though market cap is a widely used metric, it can sometimes be misleading.
If a cryptocurrency is actively traded and has deep liquidity across many different exchanges, it becomes much harder for single actors to manipulate prices and create an unrealistic market cap for the cryptocurrency. Alternatively, an increase in circulating supply can also lead to an increase in market cap. However, an increase in supply also tends to lead to a lower price per unit, and the two cancel each other out to a large extent.
We arrive at this figure by multiplying the price of 1 BTC and the circulating supply of Bitcoin. The circulating supply of a cryptocurrency is the amount of units that is currently available for use.
There is a rule in the Bitcoin code which says that only 21 million Bitcoins can ever be created. The circulating supply of Bitcoin started off at 0 but immediately started growing as new blocks were mined and new BTC coins were being created to reward the miners. Currently, there are around Since An altcoin is any cryptocurrency that is not Bitcoin. The word "altcoin" is short for "alternative coin", and is commonly used by cryptocurrency investors and traders to refer to all coins other than Bitcoin.
Bitcoin is the oldest and most established cryptocurrency, and has a market cap that is larger than all of the other cryptocurrencies combined. Bitcoin is also the most widely adopted cryptocurrency, and is accepted by practically all businesses that deal with cryptocurrency.
However, Bitcoin is far from the only player in the game, and there are numerous altcoins that have reached multi-billion dollar valuations. The second largest cryptocurrency is Ethereum, which supports smart contracts and allows users to make highly complex decentralized applications. In fact, Ethereum has grown so large that the word "altcoin" is rarely used to describe it now.
Generally, altcoins attempt to improve upon the basic design of Bitcoin by introducing technology that is absent from Bitcoin. This includes privacy technologies, different distributed ledger architectures and consensus mechanisms. A stablecoin is a crypto asset that maintains a stable value regardless of market conditions. This is most commonly achieved by pegging the stablecoin to a specific fiat currency such as the US dollar.
Stablecoins are useful because they can still be transacted on blockchain networks while avoiding the price volatility of "normal" cryptocurrencies such as Bitcoin and Ethereum. The term DeFi decentralized finance is used to refer to a wide variety of decentralized applications that enable financial services such as lending, borrowing and trading. DeFi applications are built on top of blockchain platforms such as Ethereum and allow anyone to access these financial services simply by using their cryptocurrency wallets.
The top 10 cryptocurrencies are ranked by their market capitalization. Even though 10 is an arbitrarily selected number, being in the top 10 by market capitalization is a sign that the cryptocurrency enjoys a lot of relevance in the crypto market.
The crypto top 10 changes frequently because of the high volatility of crypto prices. Despite this, Bitcoin and Ethereum have been ranked 1 and 2, respectively, for several years now.
Comparing the two alternative assets, gold is currently around 40 times more than Bitcoin in market capitalisation. Should that come to be the case, it would require an enormous accelerated gain in value from Bitcoin from both a value point-of-view and a trading perspective.
The asset was developed and launched just over a decade ago, and has seen an enormous gain in market cap, trading price, and popularity since inception and it continues to show signs of bullish growth. The gold market in the past decade has remained mostly stable, with the exception of a sharp decline in From there, the precious metal regained its value to see a positive incline in value over the past two years. Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction.
Bitcoin saw its first spike at the end of , marking its first cycle of increases.