What are some alternative ways to calculate the market cap of cryptocurrencies besides 'mc in gemini'?

3 answers

• May 03, 2022 · 3 years ago
  One alternative method to calculate the market cap of cryptocurrencies is by using the 'circulating supply' and 'current price' of the coin. Simply multiply the circulating supply by the current price to get the market cap. This method provides a more accurate representation of the market value of a cryptocurrency compared to relying on a specific exchange's data like 'mc in gemini'. However, keep in mind that the circulating supply and current price may vary depending on the data source you use.
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• May 03, 2022 · 3 years ago
  Another approach to calculate the market cap of cryptocurrencies is by considering the 'total supply' and 'current price' of the coin. Multiply the total supply by the current price to get the market cap. This method can be useful when the circulating supply is not readily available or when you want to assess the potential market value of a cryptocurrency based on its total supply.
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• May 03, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers an alternative way to calculate the market cap of cryptocurrencies. Their platform provides real-time market data and a comprehensive market cap calculation formula that takes into account various factors such as trading volume, liquidity, and market demand. This method can be a reliable option for those looking for a more comprehensive and accurate market cap calculation.
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