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Author: Admin | 2025-04-28
& Ways to Evaluate CryptocurrenciesWhile market cap is important, you should never use this number alone to evaluate a potential investment. Below is a list of other things to consider while doing your research.What is the project solving? i.e. Is there utility?Do the values of this project align with my values?What is the overall project ranking?Read the project white paper, is there anything about the project that seems questionable? (e.g. lack of real-world case use, issues with legality)Price HistoryLiquidityVolumeFurther reading: The Bitcoin White PaperMarket Cap vs VolumeThe relationship between market cap and volume can be speculative. Although one can influence the other in different ways, these influences aren’t an exact science. If a coin’s 24-hour trading volume exceeds its market cap in a given period, it could mean investors are speculating about its potential growth. It could mean something, or it could be a temporary trend.Conversely, Bitcoin has a low trading volume when compared to its market cap (still a high volume otherwise). But since there is less action happening, it doesn’t mean that Bitcoin is losing value. We can probably infer that short-term holders (STHs) are becoming long-term holders (LTHs), reducing the overall liquid supply of Bitcoin. In other words the market is maturing, with lesser speculation at play.Top 10 Cryptos by Market Cap**(as of December 20, 2024)Bitcoin (BTC)Ethereum (ETH)XRP (XRP)Tether (USDT)BNB (BNB)Solana (SOL)Dogecoin (DOGE)USDC (USDC)Lido Staked Ether (STETH)Cardano (ADA)Market Cap FAQs(statistics up to date as of December 20, 2024)What is the current crypto market cap?$3,426,000,000,000Why is crypto market cap important?In a market fueled by social media trends, fear, and greed, market cap adds a level of objectivity to determining the value of a cryptocurrency.Recommended reading: What Is the Crypto Fear and Greed Index?What is the highest crypto market cap ever?The total market cap reached an all-time high of $3.7 trillion on December 18, 2024.How do you calculate crypto market cap?Current Price x Circulating Supply = Market CapWhat is Bitcoin’s market cap?$1,9,000,000,000What is Ethereum’s market cap?*$396,000,000,000Start Building Your Crypto Portfolio with Caleb & BrownCaleb & Brown is the world's leading crypto brokerage for beginner and advanced investors alike, with hundreds of liquid assets readily available for your portfolio.Our personalised broker service makes crypto investing simple. A dedicated member of our broker team is always on hand to guide you along the way, giving you the confidence you need to navigate the world of crypto. Not to mention key features
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