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As mentioned above, lower prices can also make it more prone to manipulation, but this also relies on low active trading volume. True USD and Paxos, both stablecoins, are ranked 36 and 60, respectively, in terms of market cap, but come in at 18 and 21 when it comes to volume. CPU, AMD and NVIDIA miner, Wallet wont sync Why your wallet is not syncing and how to fix this. But, once upon a time, Amazon was valued at less than $500m mcap when it first went public, and Apple was just over $100m mcap when it went public so finding Small Market Cap (also referred to as smallcap) coins/companies can be a really good way to get in early on the next big thing. This is why, despite having Bitcoin having 45 times the market cap of USDT, tether punches above its weight in terms of volume. As for Crypto.com Chain the market cap is currently listed by CMC as $427M. XRP aside, they are among the top six coins in terms of market cap. The indicator is simple, without a fixed range, and measures the correlation between volume and price on the daily. This is another commonly used metric in establishing coin value. How Does Trading Volume Affect Cryptocurrency Price? If we were to sell you back 0.25 of that coin for $5, then the market cap is now calculated at $20 million. Trade volume rankings for all cryptocurrencies in the last month. This number is over a trillion these days as crypto adoption continues to drive forward. We calculate the total cryptocurrency volume by adding together the volume (expressed in USD) from all of the pairs on all of the exchanges listed on CoinCodex. We arrive at a cryptocurrencys market cap by multiplying its price with the amount of units in circulation. On sites like CoinMarketCap, the average price is determined by the average price of multiple exchanges or marketplaces where trading is taking place. Heres a look at some of the metrics to look at regarding cryptocurrencies: This is a component of Market Cap, but has its own implications. Mining News Monthly Volume Rankings (Currency) | CoinMarketCap If the stock market's total value is $49 billion, and a business has $12.25 billion in outstanding shares, its market cap is one-quarter of the stock market. By itself, market capitalization can be misleading. If a coin has low volume, it means that you Scan this QR code to download the app now. This has caused a huge divide between those that want to invest and balancing the security of ensuring a professional is actually a pro. The Node The biggest crypto news and ideas of the day. Market Capitalization is something that has traditionally only been applied as a measure of the total value of a publicly traded company. For example, lets imagine a cryptocurrency called CodexCoin (CODEX). Total crypto market capitalization ended in the green at $1.07 trillion for January, which was a 30% increase year-to-date (YTD) and broke back above the $1 WebExplore top cryptocurrencies with Crypto.com, where you can find real-time price, coins market cap, price charts, historical data and currency converter.