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TagsWhat is the meaning of free float in the context of cryptocurrencies?
Shubham JadhavDec 27, 2021 · 3 years ago1 answersCan you explain what free float means in relation to cryptocurrencies? How does it affect the market and the price of cryptocurrencies?
1 answers
- Free float in the context of cryptocurrencies refers to the number of coins or tokens that are available for trading on the market. It represents the portion of the total supply that is not locked up or held by a specific entity. The free float can have an impact on the price of cryptocurrencies as it affects the supply and demand dynamics. When the free float is low, it means that a large portion of the total supply is not available for trading, which can create scarcity and potentially drive up the price. Conversely, a high free float indicates a larger supply available for trading, which can put downward pressure on the price. It is important for investors to consider the free float of a cryptocurrency when assessing its potential for price appreciation or depreciation.Dec 27, 2021 · 3 years ago
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