How can I calculate the floating shares of popular cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Calculating the floating shares of popular cryptocurrencies involves analyzing the total supply of coins and subtracting the locked or non-tradable coins. This can be done by accessing the blockchain explorer of each respective cryptocurrency and finding the total supply. Then, you need to identify the addresses or wallets that hold locked or non-tradable coins, such as those owned by the development team or exchange reserves. Subtracting these locked coins from the total supply will give you an estimate of the floating shares. Keep in mind that this calculation may not be 100% accurate due to various factors like lost coins or unreported locked coins.
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• Dec 26, 2021 · 3 years ago
  To calculate the floating shares of popular cryptocurrencies, you can use online tools or platforms that provide this information. These tools aggregate data from various sources and calculate the floating shares based on the available information. Some popular tools include CoinMarketCap, CoinGecko, and CryptoSlate. Simply search for the cryptocurrency you're interested in and look for the 'circulating supply' or 'floating shares' metric. These platforms also provide additional information like market capitalization, trading volume, and price history.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of calculating the floating shares of cryptocurrencies. It helps investors and traders gauge the liquidity and market dynamics of a particular cryptocurrency. To calculate the floating shares, you can follow the steps mentioned earlier. However, keep in mind that the accuracy of the calculation depends on the availability and accuracy of the data. It's always recommended to cross-reference multiple sources and use reputable platforms for accurate information on floating shares.
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