If you are a long time user of this crypto currencies you already know exactly what the prices of the crypto coins that you are going to, or are currently investing in. But do you know exactly what the cryptocurrency market cap chart is? Because a lot of the people in this platforms don’t seem to know that.
Many confuse the market cap, with the general price of the coin or token, but these two are very different things. And we are going to explain you how they are different. The price is the amount of money you have to spend, or someone has to give you, to be able to buy one coin or token from any cryptocurrency, but the market cap is the amount of money people are giving to this company.
This means that the market cap is the supply the company has to be able to create and distribute more coins. So the market cap dictates exactly how much this coin is worth, because the more demand for the coin there is the market cap is bigger.
So to be able what the market cap is in whatever coin you want to invest in, you need to check this on a cryptocurrency market cap chart so you will see, like the name says a chart with every cryptocurrency in the market, with the market cap number, the price in dollars, and anything else you might need to know about that.
Where do I find this cryptocurrency market cap chart?
If you are wondering where you need to go, to be able to see one of this cryptocurrency market cap chart, the answer to that is something very simple. There is a web page called coinmarketcap.com where you will be able to go and see whatever it is that you need to see here, from things like the market cap to the volume and the circulating supply, all of this is there.
Another place you can see another of this cryptocurrency market cap chart is in any of the web pages dedicated to news in this market, depending on the page, you will be able to see at least a cryptocurrency market cap chart with at least the first five cryptocurrencies in this market. But since this are the most used around the world you will not find it too difficult one that tells you the market cap on Bitcoin or Ethereum. But if you want to see all of them, you will have to go to the page we mentioned first.
Compare the coins with the market cap
The only way to know if the price for one coin is worth it, is by comparing the price of the coin or token at the moment, and then check the market cap that this one currently has. You can do this with any coin that you want and you might find it as a very useful way to check the price. But if you want is to see if it has a possibility to grow you can do the next thing.
Whenever you hear some news about someone investing an incredibly big amount of money into any crypto currency out there, you can check how much it is, and maybe even see if this amount will make a difference with the current cryptocurrency market cap of the coin, and like this you will know if it will go up or not at the end.
So you should definitely keep an eye on this cryptocurrency market cap chart since you can not only use it to do what we mentioned before, but you can also constantly check the position the coin is in at the moment.