How does Coinmarketcap calculate the market cap of Xen?

3 answers

• May 09, 2022 · 3 years ago
  Coinmarketcap calculates the market cap of Xen by multiplying the current price of Xen by the total supply of Xen tokens. The current price is determined by the average price across multiple exchanges. The total supply is the number of Xen tokens that have been created and are in circulation. This calculation gives an estimate of the total value of all the Xen tokens in the market.
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• May 09, 2022 · 3 years ago
  To calculate the market cap of Xen, Coinmarketcap takes into account the circulating supply and the current price of Xen. The circulating supply refers to the number of Xen tokens that are actively being traded on the market. The current price is determined by the average price across various exchanges. By multiplying the circulating supply with the current price, Coinmarketcap calculates the market cap of Xen.
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• May 09, 2022 · 3 years ago
  Coinmarketcap calculates the market cap of Xen by considering the circulating supply and the price of Xen. The circulating supply is the number of Xen tokens that are available for trading in the market. The price is determined by the average price across different exchanges. By multiplying the circulating supply with the price, Coinmarketcap estimates the market cap of Xen. It's important to note that the market cap can change as the circulating supply and price of Xen fluctuate.
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