The combined cryptocurrency market cap is used as comparison with various other sectors in this wider economy. For instance, most of the analysts today compare the crypto cap to market cap of the precious metals and stocks. Today, market values of a lot of blockchain-based tokens come in million and billions of dollars, and with the whole crypto ecosystem worth over one trillion dollars. Now, Crypto has developed in the major economic force, so it is important that you stay alarmed by checking the altcoin marketcap chart.
Why will they do that? Because it will give them the rough estimation on where totals crypto market can grow in next coming years or decades. But still, nobody knows the right way of estimating the cryptocurrencies & blockchain projects valuation. The comparisons will be very useful but aren’t to get blindly trusted.
What’s Bitcoin market cap?
Even though Bitcoin isn’t the company, still it has the market cap. Bitcoin market cap generally refers to total value of the Bitcoin, which is issued. It will get calculated by multiplying total number of the Bitcoins in the circulation by Bitcoin price.
How Can You Calculate Crypto Market Cap?
An individual cryptocurrency market cap generally refers to market capitalization of the particular cryptocurrency and blockchain project. Firstly, there’s Bitcoin, the popular coin worldwide. At a time of writing, crypto market cap for Bitcoin is around $1,060,527,958,492. It means, total valuation of the Bitcoin has surpassed its $1 Trillion mark.
At the second place is ETH or Ethereum that has the market cap of over $208,472,933,290. Whereas it isn’t very big as Bitcoin, but Ethereum project are the critical projects in today’s crypto sector.
Whereas the crypto market capitalization is indeed one very important figure, it‘s not enough for making the sound investment decisions. Also, you must combine such data with various other insights & metrics to know where this crypto market goes. Even though we may spot the real value, investing in the cryptocurrency stays to be the volatile investments, it means, potential investors should do the due diligence. But, for the chance to make good profit , knowing to appraise this coin’s fair market value is important.