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What are some alternative ways to calculate the market cap of cryptocurrencies besides 'mc in gemini'?

avatarstarryskyDec 26, 2021 · 3 years ago3 answers

Can you suggest some alternative methods to calculate the market capitalization of cryptocurrencies other than relying on 'mc in gemini'?

What are some alternative ways to calculate the market cap of cryptocurrencies besides 'mc in gemini'?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One alternative method to calculate the market cap of cryptocurrencies is by using the 'circulating supply' and 'current price' of the coin. Simply multiply the circulating supply by the current price to get the market cap. This method provides a more accurate representation of the market value of a cryptocurrency compared to relying on a specific exchange's data like 'mc in gemini'. However, keep in mind that the circulating supply and current price may vary depending on the data source you use.
  • avatarDec 26, 2021 · 3 years ago
    Another approach to calculate the market cap of cryptocurrencies is by considering the 'total supply' and 'current price' of the coin. Multiply the total supply by the current price to get the market cap. This method can be useful when the circulating supply is not readily available or when you want to assess the potential market value of a cryptocurrency based on its total supply.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers an alternative way to calculate the market cap of cryptocurrencies. Their platform provides real-time market data and a comprehensive market cap calculation formula that takes into account various factors such as trading volume, liquidity, and market demand. This method can be a reliable option for those looking for a more comprehensive and accurate market cap calculation.