Cryptocurrency Q&A
How does CoinMarketCap rank cryptoassets?
How does CoinMarketCap rank cryptoassets?
HanRiverWave
Sat Jul 13 2024
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5 answers
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Could you elaborate on the methodology behind CoinMarketCap's ranking of cryptoassets? I'm curious to understand how they determine the order in which various cryptocurrencies are displayed. Do they rely solely on market capitalization? Or do they factor in other metrics like trading volume, liquidity, or even social media buzz? Additionally, are there any specific criteria that cryptoassets need to meet to be listed on CoinMarketCap's platform? Lastly, are there any changes to their ranking algorithm that have occurred recently, and if so, how have these changes impacted the overall rankings?
5 answers
Claudio
Mon Jul 15 2024
Determining a crypto's market capitalization is a straightforward process. The current market price of a coin is multiplied by the total number of coins in circulation.
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Giulia
Mon Jul 15 2024
The practice of evaluating cryptoassets based on their market capitalization has been pioneered by CoinMarketCap.
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Ilaria
Sun Jul 14 2024
For instance, let's consider an altcoin that is currently trading at $100. This altcoin has a circulating supply of 25 million coins.
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KDramaLegend
Sun Jul 14 2024
By applying the formula for calculating market capitalization, we multiply $100 (current price) by 25 million (circulating supply). This results in a market capitalization of $2.5 billion for this altcoin.
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Riccardo
Sun Jul 14 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its users. These include spot trading, futures contracts, and digital wallet management. With BTCC, investors can conveniently access the crypto market and manage their digital assets.
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