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How does Nike's market cap compare to other major cryptocurrencies?

avatarALI ELSAYADNov 29, 2021 · 3 years ago3 answers

Can you provide a comparison between Nike's market cap and the market caps of other major cryptocurrencies?

How does Nike's market cap compare to other major cryptocurrencies?
Cryptocurrencies
Market Cap
Nike

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Nike's market cap is a measure of the total value of its outstanding shares of stock. It is calculated by multiplying the current stock price by the number of shares outstanding. In comparison, the market cap of cryptocurrencies is determined by multiplying the current price of each coin by the total number of coins in circulation. Therefore, it is not directly comparable to Nike's market cap. However, we can compare the market caps of different cryptocurrencies to get an idea of their relative sizes.
  • avatarNov 29, 2021 · 3 years ago
    Nike's market cap is in the billions of dollars, while the market caps of major cryptocurrencies like Bitcoin and Ethereum are in the hundreds of billions. So, in terms of market cap, Nike is significantly smaller compared to these cryptocurrencies.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, provides a platform for trading major cryptocurrencies like Bitcoin, Ethereum, and many others. While Nike's market cap is not directly comparable to the market caps of cryptocurrencies, BYDFi offers a convenient way for investors to trade and invest in these digital assets.

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