Crypto market cap chart

There are many cryptocurrencies that still cost less than $1, or even less than $0.01 per coin. However, calling these cryptocurrencies “cheap” represents a flawed way of thinking. As explained above, you don’t have to buy a whole number of coins and just because a cryptocurrency has a low price, it doesn’t necessarily mean that it has more potential for growth. Market cap is a better indication of a project’s current value as it represents the total amount invested in it. A project with a strong team and innovative ideas but a small market cap may be undervalued – or “cheap” – regardless of what the price per coin is. Crypto Groupings Cowen has tried to build a trend and a set of correlations based on the movement of the crypto market so far. The altcoin lot has shown some stunning ratios of peak prices, and it is difficult to estimate the next peak. Potentially extending previous crypto peaks, altcoins may rally as much as 39 times, based on past performance, though this is the most extremely optimistic scenario.

Market cap is the product of total coins in circulation and the price of a cryptocurrency. A good or relatively bigger market cap signifies a bigger and safer project. As a rule of thumb, crypto projects with a market cap greater than $10B are considered good (large-cap cryptos) Volatility (25 %) Market cap provides us a lot of information on any given cryptocurrency on the market. It shows us how the world views a particular cryptocurrency and its dominance in relation to its competitors. Market cap changes in tandem with the pricing and global circulation of cryptocurrencies and tokens.