Today's Cryptocurrency Prices by Market Cap
Coins HD ranks and scores coins based on marketcap, trading volumes, and price.
# | Name | Price | Changes 24H | Changes 7D | Changes 30D | High 24H | Low 24H | Market Cap | Volume 24H | Price Graph (7D) |
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Bitcoin Shoots to $66K Post Halving, Shiba Inu (SHIB) Upgrade, and More: Bits Recap April 22
TL;DR Bitcoin’s halving reduced mining rewards, decreasing the new coin supply and historically leading to price rallies, with BTC recently rising above $66,000. Shiba Inu’s SHIB surged after an update…
Will Crypto Market Momentum Continue on This Week’s Inflation Data?
Crypto markets have shown signs of recovery over the weekend but a busy week ahead on the economic calendar in the United States may refuel momentum for the bears. The…
Cryptojacker Charged with Defrauding Two Cloud Providers of $3.5M
United States prosecutors have filed charges against a Nebraska man accused of a cryptojacking scheme that allegedly defrauded two cloud providers – one headquartered in Seattle and the other in…
Here’s How Much Crypto Hong Kong’s Web3 Giant Animoca Brands Holds on Balance Sheet
Animoca Brands reported $558 million in digital assets on its balance sheet, as per its latest unaudited financial disclosures. Since December 2023, the company has acquired an additional $266 million…
Railgun Denies North Korea Ties as it Approaches $1B Total Volume
Crypto privacy protocol Railgun has denied accusations that it is being used by North Korea and other United States-sanctioned entities to launder digital assets. This development comes as the crypto…
Chile Edging Closer to CBDC Launch
Last updated: April 22, 2024 23:00 EDT | 2 min read Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s…
SEC Lawyers Resign Amid Criticisms in Crypto Case Against DEBT Box
Last updated: April 22, 2024 19:51 EDT | 2 min read Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following…
Square Enix Is Developing Its Ethereum NFT Game Symbiogenesis With Animoca Brands
Last updated: April 22, 2024 20:00 EDT | 1 min read Square Enix, the developer behind JRPG giants like Final Fantasy and Dragon Quest, is now working with a major…
Hut 8’s Post-Merger Future Appears Promising with $12 Price Target: Benchmark
Last updated: April 22, 2024 19:38 EDT | 2 min read According to Benchmark’s coverage of Hut 8, a prominent Bitcoin miner with an optimistic “buy” rating and a price…
World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs
Last updated: April 22, 2024 02:36 EDT | 1 min read The World Economic Forum (WEF) recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored…
What is Crypto Market Cap?
Cryptocurrency market capitalization, often referred to as “crypto market cap,” represents the combined worth of all issued coins for a specific cryptocurrency. It’s a pivotal metric used to gauge the relative size of a cryptocurrency in the market. A cryptocurrency’s market cap is derived by multiplying its current price with the total number of its coins that have been mined or are currently in circulation. For example, to determine Ethereum’s market cap, simply multiply its current price by the total circulating Ethereum coins. A higher market cap indicates a more significant market presence and influence of that particular cryptocurrency.
How to compare Cryptocurrencies Market Cap?
Cryptocurrencies, based on their market capitalization, can be segmented into three primary tiers:
Large-cap Cryptocurrencies: Valued at over $10 billion, these are the giants of the crypto world. Examples include Bitcoin and Ethereum. These coins are characterized by their established presence, widespread adoption, and a robust ecosystem. They often have a strong community of developers who not only maintain and refine the existing protocol but also innovate by building new projects atop these platforms.
Mid-cap Cryptocurrencies: These fall between $1 billion and $10 billion in market cap. They might not be as established as the large-cap coins but have shown potential for growth and have garnered a significant amount of attention and investment. Their ecosystems are growing, and they often represent newer technologies or unique value propositions in the crypto space.
Small-cap Cryptocurrencies: Valued at less than $1 billion, these are the emerging players. While they offer high-reward potential due to their lower valuation, they also come with increased risks. Their ecosystems might still be in the nascent stages, and they could be more susceptible to market volatility.
When comparing cryptocurrencies using market cap, it provides a straightforward way to gauge their relative sizes and standings. However, it’s crucial to approach this metric with caution. Some cryptocurrencies might exhibit inflated market caps due to aggressive price movements or the structure of their token supply. Therefore, while market cap serves as a useful reference point, it’s essential to complement it with other indicators like trading volume, liquidity, the fully diluted valuation, and a thorough analysis of the project’s fundamentals. This holistic approach ensures a more informed and balanced perspective when evaluating cryptocurrencies.