Coin Market Cap over 600 Billion

in #crypto4 years ago

What is the coin market cap and what does it mean? https://coinmarketcap.com

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The CMC is not the amount of money invested in Crytocurrency. It is the total value of the available coins at current valuation.

If no one is willing to sell for example SuperiorCoin under $1.00 and there were 100 million available, the market cap would be 100 million USD, if someone decided to sell at $0.50 and there was a purchase at that price the CMC would then go down to 50 Million USD. That would remain true until a sale is made at higher price for example $0.99 , at which point it would then be 99 Million USD.

So its more important to view market volume and market liquidity along with the CMC as there could be no Liquidity and no volume but a high market cap.

Here is a video made by Nathan Senn a month back talking a little about the CMC and its implications and meanings.

Come over and visit us at Https://kryptonia.io to earn SuperiorCoins or promote your website, blog or small task you need done.

Visit us at Http://superior-coin.com for more info on TheSuperiorCoin project.

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I love this explanation about CMC. Now to get Superiorcoin listed :)

Yes SuperiorCoin needs listed soon.

Always something new to learn or refresh the memory, nice video and level headed outlook thanks @mps01k

Glad you found it interesting, and thanks to Johnathan Traylor for video editing.

Great!

great explanation of CMC!

Thanks Bojak

Yes. This information is correct. Supply and market cap are very important. Price alone should not be a determining factor always

Yes a good análisis is needed not just price alone.

Informative post.

lot of information from this post...

Then when we should sell it

Clear and fast info, great!!!

Fantastic stuff!