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What does the 200m in the context of cryptocurrencies refer to?

avatarchandra tiwariDec 26, 2021 · 3 years ago3 answers

In the context of cryptocurrencies, what does the 200m refer to? How is this number significant and what does it represent?

What does the 200m in the context of cryptocurrencies refer to?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The 200m in the context of cryptocurrencies refers to the total supply of a specific cryptocurrency. It represents the maximum number of coins or tokens that will ever be created for that particular cryptocurrency. This number is significant because it determines the scarcity and potential value of the cryptocurrency. The lower the total supply, the higher the potential value, as there are fewer coins available for trading.
  • avatarDec 26, 2021 · 3 years ago
    When we talk about the 200m in the context of cryptocurrencies, we are referring to the market capitalization of a specific cryptocurrency. Market capitalization is calculated by multiplying the current price of one coin or token by the total supply. It represents the total value of all the coins or tokens in circulation. The 200m signifies the size and popularity of the cryptocurrency in the market.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, uses the 200m as a benchmark to evaluate the potential of a new cryptocurrency listing. They consider cryptocurrencies with a total supply of 200m or less to have a higher chance of success in terms of price appreciation and market demand. This is because a lower total supply often leads to increased scarcity and perceived value among investors.