How does CoinMarketCap (CMC) calculate cryptocurrency market capitalization?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure! CoinMarketCap calculates the market capitalization of cryptocurrencies by multiplying the circulating supply of a particular cryptocurrency by its current price. The circulating supply refers to the number of coins or tokens that are currently in circulation and available to the public. The current price is determined by the average price across multiple exchanges. By multiplying these two values, CoinMarketCap obtains the market capitalization, which represents the total value of a cryptocurrency in the market.
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• Nov 26, 2021 · 3 years ago
  CoinMarketCap calculates the market capitalization of cryptocurrencies using a simple formula: circulating supply multiplied by the current price. The circulating supply is the total number of coins or tokens that are currently available and in circulation. The current price is determined by taking the average price of the cryptocurrency across various exchanges. This calculation gives us the market capitalization, which is a measure of the total value of the cryptocurrency in the market.
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• Nov 26, 2021 · 3 years ago
  When it comes to calculating the market capitalization of cryptocurrencies, CoinMarketCap takes into account the circulating supply and the current price. The circulating supply refers to the number of coins or tokens that are actively being traded and available to the public. The current price is determined by aggregating data from different exchanges. By multiplying the circulating supply with the current price, CoinMarketCap calculates the market capitalization, which represents the total value of the cryptocurrency in the market. It's important to note that market capitalization can fluctuate based on changes in circulating supply and price.
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