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Nomics: Crypto Market Caps - Preços, Altos Altos, Gráficos

  • 2021-12-31Data de coleta
  • 2022-02-15Atualizada
Nomics: Crypto Market Caps - Preços, Altos Altos, Gráficos
  • Endereço do website:www.nomics.com
  • IP do servidor:151.101.2.133
  • Descrição do Site:Classificações em tempo real dos limites máximos do mercado cripto, preços históricos, tabelas, alturas em tempo real, fornecimento de dados & mais para criptocurreições de topo como Bitcoin (BTC) & Éter (ETH).

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/*GlobalDeltaColor*/:root{--delta:hsla(158,100%,44%,1);--delta-hsl:158,100%,54%;--delta-h:158;}.fresnel-container{margin:0;padding:0;}@medianotalland(min-width:0px)and(max-width:479.98px){.fresnel-at-sm{display:none!important;}}@medianotalland(min-width:480px)and(max-width:959.98px){.fresnel-at-md{display:none!important;}}@medianotalland(min-width:960px)and(max-width:1409.98px){.fresnel-at-lg{display:none!important;}}@medianotalland(min-width:1410px){.fresnel-at-xl{display:none!important;}}@medianotalland(max-width:479.98px){.fresnel-lessThan-md{display:none!important;}}@medianotalland(max-width:959.98px){.fresnel-lessThan-lg{display:none!important;}}@medianotalland(max-width:1409.98px){.fresnel-lessThan-xl{display:none!important;}}@medianotalland(min-width:480px){.fresnel-greaterThan-sm{display:none!important;}}@medianotalland(min-width:960px){.fresnel-greaterThan-md{display:none!important;}}@medianotalland(min-width:1410px){.fresnel-greaterThan-lg{display:none!important;}}@medianotalland(min-width:0px){.fresnel-greaterThanOrEqual-sm{display:none!important;}}@medianotalland(min-width:480px){.fresnel-greaterThanOrEqual-md{display:none!important;}}@medianotalland(min-width:960px){.fresnel-greaterThanOrEqual-lg{display:none!important;}}@medianotalland(min-width:1410px){.fresnel-greaterThanOrEqual-xl{display:none!important;}}@medianotalland(min-width:0px)and(max-width:479.98px){.fresnel-between-sm-md{display:none!important;}}@medianotalland(min-width:0px)and(max-width:959.98px){.fresnel-between-sm-lg{display:none!important;}}@medianotalland(min-width:0px)and(max-width:1409.98px){.fresnel-between-sm-xl{display:none!important;}}@medianotalland(min-width:480px)and(max-width:959.98px){.fresnel-between-md-lg{display:none!important;}}@medianotalland(min-width:480px)and(max-width:1409.98px){.fresnel-between-md-xl{display:none!important;}}@medianotalland(min-width:960px)and(max-width:1409.98px){.fresnel-between-lg-xl{display:none!important;}}Nomics:CryptoMarketCaps-Prices,All-TimeHighs,ChartsthelargestcryptoindexAssetsExchangesConverterWatchlistNFTs↗More...AdvertiseAPIKeySearchSearchAPIKeymenu1D1D1W1M1YYTD🌎TheWorldx27;slargestIndexofCryptoassets.Getlisted→USDUSDSelectaQuoteCurrencyAdvertiseHereAdvertiseHere⭐️WatchlistAllCryptoBlockchainTopCryptocurrenciesbyMarketCap59,536(13,965areActivelyTraded)HighlightsStateoftheMarketTotalcryptomarketcapis$938.42B,whichisup+3.03%overthelastday.Thisvaluesallcryptoassetsat12.70%ofGoldx27;smarketcap.24hourglobalcryptovolumeis$223.18B,representinga+8.94%increase(37%ofthisvolume,or$82.02Bistransparentvolume).Bitcoindominanceis41%,whichrepresentsa+0.43%gainoverthelast24hours.ReadMoreBitcoin$20,290.40+2.56%🔥JustAdded1PokeGAN2minutes2FlatulenceEarther20minutes+0.06%TopGainers(Top100)1TheSandbox+9.89%2eCash+8.65%GlobalMarketCap(24hr)$938.42B+3.03%GlobalVol.(24hr)$223.18B+8.94%⚡️ActivelyTraded🔥New566☠️Deadcoins🏷NotPricedMarket DataCovereFreeCSV#NameMCapPricePrice1BitcoinBTCBuy$387.27B$20,290.402.56%2EthereumETHBuy$139.39B$1,147.872.80%3TetherUSDTBuy$66.03B$1.0006-0.37%GetTheLatestCryptoPrices&NewsDeliveredStraightToYourInboxLearnMore→4USDCoinUSDCBuy$55.98B$1.0031-1.37%5BinanceCoinBNBBuy$39.13B$239.663.88%6BinanceUSDBUSDBuy$17.81B$1.0024-0.81%7XRPXRPBuy$15.60B$0.-0.23%8CardanoADABuy$15.49B$0.0.53%9SolanaSOLBuy$12.51B$36.446.74%10DogecoinDOGEBuy$8.98B$0.0.14%11PolkadotDOTBuy$7.82B$6.92811.26%12DaiDAIBuy$6.45B$1.0032-1.23%13TRONTRX$6.27B$0.-1.15%14ShibaInuSHIB$5.80B$0.0.01%15UNUSSEDLEOLEO$5.45B$5.8311-0.35%16WrappedBitcoinWBTCBuy$5.27B$20,273.344.13%17alancheAXBuy$5.21B$18.437.17%18HEXHEX$5.05B$0.3.77%19LiquidStakedEtherSTETH$4.72B$1,113.273.32%20FTXTokenFTT$4.41B$25.652.66%21PolygonMATICBuy$4.21B$0.3.39%22LitecoinLTCBuy$3.54B$50.162.01%23OKExUtilityTokenOKB$3.21B$12.52-0.18%24CronosCRO$2.96B$0.1.68%25ChainLinkLINKBuy$2.93B$6.27600.93%26StellarXLMBuy$2.74B$0.0.61%27CosmosATOMBuy$2.62B$8.96844.21%28NearProtocolNEARBuy$2.52B$3.46672.00%29UniswapProtocolTokenUNIBuy$2.52B$5.40996.78%30MoneroXMR$2.29B$126.242.67%31AlgorandALGO$2.25B$0.0.24%32EthereumClassicETCBuy$2.05B$15.071.41%33BitcoinCashBCHBuy$2.03B$106.231.99%34VeChainThorVET$1.69B$0.2.00%35FlowFLOW$1.64B$1.5853-0.83%36TheSandboxSAND$1.60B$1.26199.89%37ApeCoinAPE$1.50B$4.99133.05%38FraxFRAX$1.37B$1.0025-0.65%39DecentralandMANABuy$1.36B$0.4.21%40TezosXTZBuy$1.35B$1.51323.61%41DfinityICP$1.34B$5.54400.81%42HederaHashgraphHBARBuy$1.32B$0.-1.33%43FilecoinFILBuy$1.26B$5.51140.46%44ElrondEGLD$1.24B$54.790.97%45ThetaTokenTHETA$1.22B$1.21651.96%46TrueUSDTUSD$1.21B$1.0029-2.12%47CryptoInternationalCRI$1.13B$0.0.34%48HeliumHNT$1.12B$9.1470-0.98%49AxieInfinityAXS$1.03B$14.550.37%50BitcoinSVBSVBuy$1.03B$54.05-0.17%51EOSEOSBuy$985.60M$0.2.78%52CompoundUSDCoinCUSDC$912.89M$0.-0.93%531inch1INCH$909.44M$0.0.53%54MakerMKRBuy$887.36M$984.526.54%55KuCoinTokenKCS$869.72M$8.88393.49%56AeAEBuy$863.37M$61.953.51%57PaxDollarUSDP$852.91M$1.0027-0.96%58eCashXEC$844.39M$0.8.64%59QuantQNT$823.74M$61.416.33%60ECOMIOMI$819.77M$0.-1.39%61BitTorrentV2BTT$803.40M$0.94-1.47%62NeutrinoUSD-N$761.11M$0.-2.22%63IOTA(MIOTA)IOT$760.61M$0.1.51%64TerraLunaClassicLUNC$746.07M$0.-5.97%65ZcashZEC$734.63M$58.213.24%66EscoinTokenELG$730.69M$3.0704-2.50%67TheGraphGRTBuy$723.33M$0.2.15%68HuobiTokenHT$712.05M$4.61150.85%69KlaytnKLAYBuy$679.60M$0.-1.49%70THORChainRUNE$666.31M$2.21555.96%71FantomFTMBuy$655.37M$0.0.70%72BasicAttentionTokenBATBuy$646.45M$0.-1.58%73TIME(Wonderland)TIME$640.22M$26.90-1.60%74CompoundEtherCETH$629.25M$23.034.87%75NEONEO$598.21M$8.48171.93%76GatechainTokenGT$595.85M$4.0120-0.61%77PAXGoldPAXG$593.02M$1,773.13-3.32%78SynthetixNetworkTokenSNXBuy$589.55M$2.5947-1.80%79CompoundDaiCDAI$587.95M$0.-0.28%80ArweeAR$585.77M$11.690.03%81ZilliqaZIL$570.77M$0.0.12%82HuobiBTC(ERC-20)HBTC$543.09M$20,256.764.13%83ChilizCHZBuy$530.61M$0.-0.83%84WesWES$525.21M$5.2521-0.09%85TerraClassicUSDUSTC$522.82M$0.-10.48%86StacksSTX$519.92M$0.-1.65%87DeFiChainDFI$512.50M$0.4.05%88LoopringLRC$509.40M$0.0.21%89EnjinCoinENJBuy$503.82M$0.-0.27%90CurveDAOTokenCRV$490.61M$0.7.66%91STEPNGovernanceTokenGMT$476.23M$0.4.11%92CompoundUSDTCUSDT$475.21M$0.-3.15%93DashDASH$473.34M$43.801.76%94PancakeSwapCAKEBuy$458.48M$3.16191.20%95KusamaKSM$457.68M$50.970.89%96TetherGoldXAUT$445.02M$1,805.19-0.81%97AMPTokenAMP$438.06M$0.-0.94%98KaKA$408.55M$1.84163.75%99CeloCELOBuy$405.11M$0.-1.39%100GalaGALA$404.81M$0.-0.32%FirstPrev1234...140NextLast#NamePricePrice1DChange7DPredictionMCapMarketCapVolumeTransparentVol.CirculatingSupply1DChartCSVData1BitcoinBTCBuy$20,290.402.56%Unlock$387.27B$51.85B57%19,086,525BuyData2EthereumETHBuy$1,147.872.80%—$139.39B$24.30B42%121,435,280BuyData3TetherUSDTBuy$1.0006-0.37%—$66.03B$87.62B37%65,994,280,061BuyDataGetTheLatestCryptoPrices&NewsDeliveredStraightToYourInboxLearnMore→4USDCoinUSDCBuy$1.0031-1.37%—$55.98B$5.17B35%55,801,512,882BuyData5BinanceCoinBNBBuy$239.663.88%—$39.13B$1.67B43%163,276,975BuyData6BinanceUSDBUSDBuy$1.0024-0.81%—$17.81B$8.91B91%17,764,582,403BuyData7XRPXRPBuy$0.-0.23%—$15.60B$1.78B22%48,343,101,197BuyData8CardanoADABuy$0.0.53%—$15.49B$865.05M29%33,820,262,544BuyData9SolanaSOLBuy$36.446.74%—$12.51B$2.55B46%343,277,557BuyData10DogecoinDOGEBuy$0.0.14%—$8.98B$428.40M27%132,670,764,300BuyData11PolkadotDOTBuy$6.92811.26%—$7.82B$644.93M31%1,128,760,132BuyData12DaiDAIBuy$1.0032-1.23%—$6.45B$242.07M59%6,427,225,052BuyData13TRONTRX$0.-1.15%—$6.27B$1.02B16%92,484,768,556BuyData14ShibaInuSHIB$0.0.01%—$5.80B$443.32M32%557,977,131,491,526BuyData15UNUSSEDLEOLEO$5.8311-0.35%—$5.45B$2.72M66%935,054,441BuyData16WrappedBitcoinWBTCBuy$20,273.344.13%—$5.27B$320.87M84%259,989BuyData17alancheAXBuy$18.437.17%—$5.21B$885.96M52%282,884,774BuyData18HEXHEX$0.3.77%—$5.05B$6.55M94%135,687,910,802BuyData19LiquidStakedEtherSTETH$1,113.273.32%—$4.72B$14.12M84%4,238,739BuyData20FTXTokenFTT$25.652.66%—$4.41B$133.87M80%172,104,062BuyData21PolygonMATICBuy$0.3.39%—$4.21B$1.06B45%8,006,803,953BuyData22LitecoinLTCBuy$50.162.01%—$3.54B$668.26M27%70,659,921BuyData23OKExUtilityTokenOKB$12.52-0.18%—$3.21B$7.90M14%256,388,091BuyData24CronosCRO$0.1.68%—$2.96B$50.32M24%25,263,013,692BuyData25ChainLinkLINKBuy$6.27600.93%—$2.93B$477.79M28%467,599,971BuyData26StellarXLMBuy$0.0.61%—$2.74B$272.47M10%25,053,628,159BuyData27CosmosATOMBuy$8.96844.21%—$2.62B$776.67M32%292,586,164BuyData28NearProtocolNEARBuy$3.46672.00%—$2.52B$766.15M16%727,838,929BuyData29UniswapProtocolTokenUNIBuy$5.40996.78%—$2.52B$335.20M28%465,398,690BuyData301MoneroXMR$126.242.67%—$2.29B$148.28M25%18,144,007BuyData311AlgorandALGO$0.0.24%—$2.25B$247.88M14%7,272,675,958BuyData32EthereumClassicETCBuy$15.071.41%—$2.05B$308.95M7%135,667,229BuyData33BitcoinCashBCHBuy$106.231.99%—$2.03B$554.94M11%19,109,887BuyData34VeChainThorVET$0.2.00%—$1.69B$396.20M16%72,511,146,418BuyData35FlowFLOW$1.5853-0.83%—$1.64B$69.72M59%1,036,200,000BuyData36TheSandboxSAND$1.26199.89%—$1.60B$1.43B65%1,264,290,508BuyData37ApeCoinAPE$4.99133.05%—$1.50B$569.18M28%299,531,250BuyData38FraxFRAX$1.0025-0.65%—$1.37B$16.01M97%1,366,324,118BuyData393DecentralandMANABuy$0.4.21%—$1.36B$409.21M51%1,506,093,560BuyData401TezosXTZBuy$1.51323.61%—$1.35B$76.40M34%892,833,931BuyData411DfinityICP$5.54400.81%—$1.34B$118.45M38%241,853,464BuyData423HederaHashgraphHBARBuy$0.-1.33%—$1.32B$70.24M33%21,394,349,537BuyData43FilecoinFILBuy$5.51140.46%—$1.26B$157.48M36%228,360,248BuyData441ElrondEGLD$54.790.97%—$1.24B$58.28M34%22,617,415BuyData451ThetaTokenTHETA$1.21651.96%—$1.22B$108.92M25%1,000,000,000BuyData462TrueUSDTUSD$1.0029-2.12%—$1.21B$64.38M34%1,211,411,143BuyData471CryptoInternationalCRI$0.0.34%—$1.13B$823,108<1%1,965,425,430BuyData481HeliumHNT$9.1470-0.98%—$1.12B$14.40M38%122,807,321BuyData491AxieInfinityAXS$14.550.37%—$1.03B$274.71M63%71,046,952BuyData501BitcoinSVBSVBuy$54.05-0.17%—$1.03B$50.91M20%19,106,614BuyData51EOSEOSBuy$0.2.78%—$985.60M$296.14M22%1,000,311,781BuyData521CompoundUSDCoinCUSDC$0.-0.93%—$912.89M$37.20M0%40,232,846,402BuyData5311inch1INCH$0.0.53%—$909.44M$92.26M48%1,461,597,354BuyData543MakerMKRBuy$984.526.54%—$887.36M$114.62M15%901,311BuyData55KuCoinTokenKCS$8.88393.49%—$869.72M$7.20M13%97,898,695BuyData56AeAEBuy$61.953.51%—$863.37M$219.96M32%13,935,528BuyData573PaxDollarUSDP$1.0027-0.96%—$852.91M$8.85M29%850,607,503BuyData584eCashXEC$0.8.64%—$844.39M$92.62M21%19,107,142,173,303BuyData594QuantQNT$61.416.33%—$823.74M$30.19M19%13,413,953BuyData602ECOMIOMI$0.-1.39%—$819.77M$474,0695%581,910,045,187BuyData612BitTorrentV2BTT$0.94-1.47%—$803.40M$65.51M16%934,782,625,000,000BuyData621NeutrinoUSD-N$0.-2.22%—$761.11M$610,9600%767,547,012BuyData632IOTA(MIOTA)IOT$0.1.51%—$760.61M$11.78M46%2,779,530,283BuyData644TerraLunaClassicLUNC$0.-5.97%—$746.07M$114.95M48%6,536,407,736,540BuyData651ZcashZEC$58.213.24%—$734.63M$139.54M16%12,620,325BuyData662EscoinTokenELG$3.0704-2.50%—$730.69M$1.46M0%237,976,494BuyData67TheGraphGRTBuy$0.2.15%—$723.33M$95.92M48%7,400,273,157BuyData68HuobiTokenHT$4.61150.85%—$712.05M$20.38M15%154,409,022BuyData69KlaytnKLAYBuy$0.-1.49%—$679.60M$35.01M24%2,914,385,424BuyData704THORChainRUNE$2.21555.96%—$666.31M$420.01M77%300,755,175BuyData711FantomFTMBuy$0.0.70%—$655.37M$525.05M50%2,541,152,731BuyData722BasicAttentionTokenBATBuy$0.-1.58%—$646.45M$221.67M17%1,497,724,891BuyData73TIME(Wonderland)TIME$26.90-1.60%—$640.22M$253,76590%23,798,484BuyData743CompoundEtherCETH$23.034.87%—$629.25M$32.64M<1%27,320,344BuyData754NEONEO$8.48171.93%—$598.21M$55.54M14%70,530,000BuyData762GatechainTokenGT$4.0120-0.61%—$595.85M$1.56M75%148,515,369BuyData772PAXGoldPAXG$1,773.13-3.32%—$593.02M$40.31M43%334,448BuyData781SynthetixNetworkTokenSNXBuy$2.5947-1.80%—$589.55M$133.86M20%227,211,090BuyData792CompoundDaiCDAI$0.-0.28%—$587.95M$9.94M<1%26,598,655,410BuyData80ArweeAR$11.690.03%—$585.77M$48.29M37%50,108,502BuyData811ZilliqaZIL$0.0.12%—$570.77M$458.11M6%14,549,156,277BuyData824HuobiBTC(ERC-20)HBTC$20,256.764.13%—$543.09M$706N/A26,810BuyData83ChilizCHZBuy$0.-0.83%—$530.61M$100.06M15%5,344,064,580BuyData841WesWES$5.2521-0.09%—$525.21M$319.89M21%100,000,000BuyData859TerraClassicUSDUSTC$0.-10.48%—$522.82M$118.38M73%9,815,453,744BuyData862StacksSTX$0.-1.65%—$519.92M$15.68M22%1,321,712,429BuyData873DeFiChainDFI$0.4.05%—$512.50M$10.31M0%547,297,810BuyData881LoopringLRC$0.0.21%—$509.40M$106.61M16%1,245,991,469BuyData891EnjinCoinENJBuy$0.-0.27%—$503.82M$112.88M16%934,340,660BuyData903CurveDAOTokenCRV$0.7.66%—$490.61M$433.56M36%505,574,882BuyData912STEPNGovernanceTokenGMT$0.4.11%—$476.23M$992.03M33%506,106,904BuyData921CompoundUSDTCUSDT$0.-3.15%—$475.21M$1.54M<1%21,691,221,853BuyData931DashDASH$43.801.76%—$473.34M$113.77M8%10,806,770BuyData942PancakeSwapCAKEBuy$3.16191.20%—$458.48M$69.49M44%145,003,822BuyData951KusamaKSM$50.970.89%—$457.68M$28.62M14%8,980,098BuyData961TetherGoldXAUT$1,805.19-0.81%—$445.02M$7.87M88%246,524BuyData97AMPTokenAMP$0.-0.94%—$438.06M$3.56M58%48,013,928,909BuyData982KaKA$1.84163.75%—$408.55M$44.29M31%221,844,472BuyData991CeloCELOBuy$0.-1.39%—$405.11M$37.25M27%445,012,828BuyData1001GalaGALA$0.-0.32%—$404.81M$608.65M15%7,542,496,572BuyDataFirstPrev1234...140NextLastAdvertiseHereAdvertiseHereFrequentlyAskedQuestionsWhatiscryptomarketcap?Marketcapitalizationisoneofthemostpopularmetricsinfinance.Itwasfirstintroducedinthestockmarketandhasbeenadaptedtothecryptoworldwhereitisusedtovaluecryptocurrencies.Cryptomarketcaphasitssupportersanditscritics.Supportersviewmarketcapasasimple,albeitincompletewaytorankcryptoassetprojects.Criticsinsistthatmarketcapisnotameasureofvaluebutacrudeexpressionofthepriceinvestorsarewillingtopay.Bothsidesmakevalidpoints.Cryptomarketcapiscalculatedbymultiplyingthecirculatingsupplyofacoinbyitscurrentprice.Forexample,ifadigitalcurrencyhas1,000tokensincirculation,andeachtokentradesat$100,themarketcapitalizationoftheprojectis$100,000.Aswithstocks,cryptocurrenciesareclassifiedintermsofmarketcap.Large-capcryptocurrencieshemarketcapsinexcessof$10billion,mid-capcryptocurrenciesrangebetween$1billionand$10billion,andsmall-capcryptocurrenciesareworthlessthan$1billion.Intheworldofstocks,thehigherthemarketcap,thesafertheinvestment.Intheworldofcryptocurrencies,ahighmarketcapislessmeaningful.Ifthemarketcapofacryptoassetishigh,itmeansthatittradesatahighprice,hasahighcirculatingsupply,orboth.Ifthemarketcapislow,itsignalsthatthepricepercoinislow,thereislittlecirculation,orboth.Thisisallthatmarketcapcanrevealaboutacryptocurrency.Nothingmore.Itcan’texpresswhethertokensareheldbyanetworkofsmallinvestorsorahandfulofwhales,itdoesn’tspeaktoliquidity,anditissilentonmaxsupply.Cryptomarketcapisasourceofcontroversy.Therearethosewhoclaimthatmarketcapreflectstheamountoffiatcurrencyinvestedinacryptoasset.Thisiswrong.Consideraninfluxofnewinvestorstoaprojectwithlowtradingvolume.Duetothemarket’slackofdepth,thesuddeninterestdramaticallydrivesupprices.Let’ssaythatthetokengoesup50%,fromamillion-dollarmarketcapto$1.5million.Doesthatmeanthattheinvestorspumpedin$500,000?Absolutelynot.Thenewmarketcapmerelyreflectsthepricethatthelastinvestorwaswillingtopay.Anotherexample:takeanewcryptocurrencywithacirculatingsupplyof100,000.Itgoeslive,andthefirstinvestorbuysatokenfor$5.Oncethattradeisexecuted,theprojectwillheamarketcapitalizationof$500,000.Yetonly\$5changedhands.Allthatsaid,whenconsideredwithotherindicators,cryptomarketcapcanbeuseful.It’squitecommontolookatmarketcapalongsidemetricsliketradingvolumeandliquidity.Tradingvolumereferstothenumberofcoinsbeingtradedacrosstheworld’scryptocurrencyexchanges.Liquiditymeasuresthedegreetowhichanassetcanbeboughtorsoldwithoutcausingamajorpricechange.Inmostcases,highvolumeandhighliquiditymeanahealthymarketthatisdifficulttomanipulate.Indeed,aclassicwaytomeasurethequalityofacryptocurrencyistocheckwhetheritstradingvolumeisequaltoorgreaterthanitsmarketcap.Cryptomarketcaphasmajordrawbacks,yetitremainsthego-toindicatorformanyinvestors,analysts,andcommentators.Thisisunfortunate.Atbest,marketcapcanserveasajumping-offpointforevaluatingacryptocurrency.Butitisonlytrulyhelpfulwhenusedintandemwithothermetricsliketradingvolume.Whydoescryptomarketcapmatter?Althoughmarketcapis,atbest,anincompleteindicatorofcryptoassetquality(moreonthathere),insomecases,itcanbeausefulstartingpointforanalyzinganinvestmentopportunity.Marketcaprevealsabitaboutacoin’scharacteristics.Forexample,highmarketcapcouldindicatethatacryptocurrencyisresistanttovolatility.Lowmarketcapindicatestheopposite,thatmajornewseventsorwhaleactivitycansignificantlyimpactprice.However,cryptomarketcapcanonlytakeyousofar.Togetastrongreadonvolatility,you’dhetocombinemarketcapwithothermetricslikemarketdepthortransactionvolume.Traditionally,stocksareanalyzedwithmetricssuchasprice-to-earnings(P/E)andearnings-per-share(EPS).Cryptoprojectsdon’tpublishfinancialstatements,butthereisstillaneedforcomparison.Overtime,thesimplicityofmarketcaphasmadeitthemostpopularwaytocomparecryptoassets.Forthisreasonalone,cryptomarketcapmatters.It’simportantbecausecryptoinvestors,exchanges,gregators,andprojectownersthinkit’simportant.Experiencedinvestorswillusuallyconsidermultipleindicators,buttherearesomewhobasetheirdecisionsexclusivelyonmarketcap.Cryptoexchangesusemarketcapasawaytodeterminewhichcoinstolist–coinswithhighercapsaremorelikelytomakeit.Exchangedatagregatorstendtorankprojectsbymarketcap.Thehigheranasset’smarketcap,themoreprominentlyitwillbefeaturedonthesite.Projectownerstakemarketcapseriouslyenoughtospendtimeandmoneymanipulatingthecirculatingsupplyorpriceoftheirtokens.Thisisjustonereasonwhycryptomarketcapisconsideredamisleadingorunreliableindicator.Tosummarize,cryptomarketcapmattersbecauseit’seasytounderstandandadecentstartingpointforanalyzingacryptoasset.It’salsoimportantbecausesomanyplayersconsiderittobeimportant.Asthecryptospacematures,bettertoolswillbedevelopedthatwillprovidemarketparticipantswithin-depth,actionableinformation.Whenthathappens,marketcapwilllikelyloseitsplaceastheleadingcryptoindicator.Whatisthecryptomarketcapall-timehigh?Asofthiswriting,theglobalcryptomarketcapall-timehighis$813.9billion($813,871,000,000USD).ThemarketreachedthislevelonJanuary7,2018.HowcanIcalculateacryptocurrency’smarketcap?Cryptomarketcapiscalculatedthesamewayasstockmarketcap,bymultiplyingthecirculatingsupplyofanassetbyitspriceinfiatcurrency(e.g.USD,EUR,JPY).Thecalculationgetstrickierwhenanassetistradedainstanotherasset.Inacryptopair–let’ssayEthereum/BitcoinorETH/BTC–togetthepriceofETH,wewouldfirstdenominateBTCinfiat.Inordertounderstandmarketcap,it’simportanttoconsideritsconstituentparts–priceandcirculatingsupply.Pricedependsonwhomakesthecalculation.Thegeneralpriceiscalculatedasacompositeofspotpricesusedoncryptoexchanges.Forindexfunds,whichherecentlybecomepopular,thecalculationisadjustedtoincludevariationintradingpairprices.Thepricethatyouseeononlinenewsgregators(Google,forexample)isusuallytheerepriceatwhichanassettradesonleadingexchanges.Inthecryptospace,theproblemofinadequatepricingiswell-known.Mostpricingindexissuersfailtodetailhowtheypriceinstrumentsorwheretheygettheirdata.AtNomics,westrivetosetthisright.Ourmethodologytakesthepriceatwhichaninstrumentlasttradedoneachexchange,weightedbythegeneraltradingvolumeoverthepast24hours.Moreonourmethodologyhere.Whenitcomestosupply,itisworthnotingthatthecalculationdependsentirelyonthetokenandthemechanicsofitsprotocol.AlthoughBitcoinhasafinitesupply(21million),mosttokensaredesignedwithadynamicsupplythatincreasesovertime.Whencalculatingthemarketcapofaparticularcryptoasset,itisthecirculatingsupplythatshouldbetakenintoaccount.Circulatingsupplyisthenumberoftokensthatarecurrentlyailableonthemarket.Circulatingsupplyisabettermetricthantotalsupplybecauseitexcludescoinsthatarereservedorlocked.WhatisBitcoin’smarketcap?Bitcoin(BTC)istheworld’sleadingcryptocurrencybymarketcap.Intermsofmarketcap,Bitcoinhasreachedheightsofover$300billion.Mostofthetime,Bitcoin’smarketcapaccountsfor30%to60%oftheentirecryptocurrencymarketcap.TofindBitcoinx27;smarketcap,locatethevalueinthe"marketcap"columnassociatedwiththeBitcoinrecordinthetableabove.Aswithothercryptoassets,Bitcoin’smarketcapisdeterminedbymultiplyingitscirculatingsupplybyitscurrentprice.Itisworthnotingthat,duetothefinitesupplyofBitcoin,atsomepoint,circulatingsupplyandtotalsupplywillbeequal.Atthattime,Bitcoin’smarketcapwillheonlyonedynamicdeterminant,theprice.Bitcoin’scurrentcirculatingsupplyhasalreadyreached85%ofthemaximumsupply,whichisfixedat21million.HowcanIfindlowmarketcapcryptocurrencies?Someinvestorsviewlowmarketcapassynonymouswithhighprofitpotential.Similartopennystocks(stockspricedbelow\$1),low-capcryptocurrenciesareoftenconsideredtobeundervalued.Thatiswhymanymarketparticipantsforcryptocurrencieswithlowmarketcaps.Theybelievethesecurrencieshemoreroomforpriceappreciation.Othersviewlowmarketcapcryptocurrenciesasground-flooropportunities.Whateverthereasoning,lowmarketcapcryptocurrenciesarepopularinvestments.Here’showtofindlowmarketcapcryptocurrenciesontheNomicsplatform:NigatetoNomics.com.Sortcryptocurrenciesbymarketcap.Movebeyondpe1toexplorelowmarketcapcryptocurrencies.Nomicslistscryptocurrencieswithmarketcapsaslowasafewthousanddollars.However,youshouldoidchoosinganinvestmentbymarketcapalone.Consideradditionalfactorssuchasrecentpricechanges,tradingvolume,circulatingsupply,andtransparentvolume,afeatureuniquetoNomicsthatshowsthepercenteoftradingvolumethatoccursonreputablecryptocurrencyexchanges.Formoreontransparencyvolume,seehere.Howismarketcapcalculatedforstocks,andhowdoesthisdifferfromcryptomarketcapcalculations?Marketcapitalizationisoftenusedtoindicatethevalueofacompanyorstock.Itiscalculatedbymultiplyingthetotalnumberofsharesoutstandingbythepricepershare.Investorscalculatethevalueofacryptocurrencybymultiplyingitscirculatingsupplybyitscurrentprice.Thoughstockandcryptoinvestorsusethesameindicator,thecalculationdiffersinsomerespects.StockmarketcapcalculationTocalculatethemarketcapofacompany,multiplysharesoutstandingbythecurrentpricepershare.Let’stakeaminutetoexaminebothcomponentsoftheequation.Sharesoutstandingreflectsallstocksthatarecurrentlyheldbyshareholders.Itevenincludesrestrictedshares(heldbycorporatestaff)andshareblocks(heldbyinstitutionalinvestors).Price,ontheotherhand,isaffectedbyinternalfactorssuchasprofit,expectedprofit,andplansforgrowth.Howinvestorsperceivethesefactorsinfluencessupplyanddemandanddeterminesthepriceofastock.CryptomarketcapcalculationTofindthemarketcapofacryptocurrency,multiplycirculatingsupplybycurrentprice.Circulatingsupplyissimilartosharesoutstandingbutonlyincludestokensthatareailableinthemarket.Itexcludescoinsthatarereservedorlocked.Thepriceofacryptocurrencyisusuallycalculatedasanereofthespotpriceatwhichtheinstrumenttradesonleadingexchanges.Cryptocurrencypricinginthecontextofindexfundshappensinaslightlymoresophisticatedwayandisadjustedtoincludevariationintradingpairprices.ThedifferencesAlthoughmarketcapisusedtovaluebothcompaniesandcryptocurrencies,therearedifferencesinthewayitisapplied.Forinstance,sharesoutstandingtakesintoaccountallissuedshares,includingthoseheldbycorporateofficersandbiginvestors.Circulatingsupplyignoresreservedorlockedcoins.Asaresult,cryptomarketcaponlyincludesassetsthatareailablefortrading.Ifcryptomarketcapfollowedthesamelogicasstockmarketcap,itwouldbebasedontotalsupply.Afarmoreaccuratecalculationisachievedbyusingcirculatingsupply.Formoreontheconsofusingtotalsupply,seethenextquestionbelow.Anotherdifferenceispricingmechanics.Whilemoststockshefixedissuancemechanisms,inthecaseofcryptocurrencies,manyprotocolsaredesignedtoexpandcontinuously,thusinflatingtokensupplyovertime.Ingeneral,cryptomarketcapisn’tconsideredtobeasaccurateasstockmarketcap.Oneofthereasonsisthat,unlikethestockmarket,whereahighmarketcapindicatesasafeinvestment,intheworldofcryptocurrencies,highmarketcapdoesn’tnecessarilymeanthataninvestmentissecure.Anotherreasonisthefactthatcryptocurrencycomeswithcertainrisksthatdon’texistwithstocks.Tocompensate,onemustanalyzemarketcapinabroadercontext.Whataresomeproblemswithhowcryptomarketcapiscalculated,andwhatalternativesexist?Theoldest“modern”securitiesmarketintheworldistheAmsterdamStockExchange,whichwasfoundedin1602bytheDutchEastIndiaCompany.Thefirstcryptocurrency,Bitcoin,waslaunchedin2009.Thisgoestoshowhowyoungthecryptocurrencymarketiscomparedtothestockmarket,whichhashadcenturiestomature.Weoftenmakethemistakeofcopyingstockmarketmetricsandtryingtoshoehornthemintotheworldofcryptocurrencies.Soisthecasewithmarketcapitalization.Marketcapisappliedtobothstocksandcryptocurrencies,buttherearedifferencesinhowthemetricworksineachcase.Intheworldofstocks,marketcapcanrevealmuchaboutacompanyincludingcorporatepolicies(forexample,theissuanceorrepurchaseofshares),manementstyle,andoperationalscale.Itisoftenusedforitssimplicityandrelativeeffectivenessatassessingthequalityofastock.Whenitcomestocryptocurrencies,however,marketcapisnotausefulbasisformakinganinvestmentdecision.Infact,manyresearchersdescribecryptomarketcapasadeceivingindicatorthatisusedonlybecauseitissimple.Despiteallthat,marketcapcontinuestobeusedasaleadingindicatorofcryptoassetquality–evenbyexperiencedinvestors.Thisisamistake.ThepitfallsofcryptomarketcapStocksandtokensheverydifferentcharacteristics.Stocksrepresentownershipofacompanythatcreateseconomicandsocialvalue.Dependingonthetypeofstock,ownershipcanprovideashareholderwiththerighttoreceivedividends,vote,andparticipateinproceduresaimedatraisingliquidity.Tokensrepresentparticipationinanetworkthatmayormaynotgeneratevalue.TokensdonotguaranteeclaimsonprofitsorparticipationinsalesorICOs.Atoken’spriceisbasednotonreal-worldfactorsthatinfluencesupplyanddemandbutonspeculationaboutaproject’spotential.Thetruthis,whiledigitaltokensareanexcitingassetclass,theyarefundamentallydifferentthanstocks,andusingthesameindicatortoanalyzethemcanresultinfalseorunrepresentativeconclusions.Anotherproblemwithcryptomarketcapistokeninflation.Withstocks,thetotalsupplyisfixedandcanrarelybechanged.Theonlywaytochangeitisviaastocksplit.Whenitcomestotokens,however,anemissionschedulecanguaranteeaninstrument’scontinualinflation.Theincreaseincirculatingsupplythattakesplaceovertimeleadstoahighermarketcap.Butahighermarketcapdoesn’tnecessarilymeanthataprojectisdoingwell.Itcouldjustmeanthattherearemoretokensincirculation.Andvice-versa–alowermarketcapdoesn’tnecessarilymeanthataprojectisstruggling.Itmaysimplyindicatethattherearefewertokensincirculation.Cryptomarketcapwasinitiallycopiedfromthestockmarket.Althoughoneofthefactors,price,ispresentinbothcases,therewasaneedtofindacryptometricthatreplicatedtheroleofsharesoutstanding.Theoptionthatmostresembledsharesoutstandingwastotalsupply–allcoinsortokensthatcurrentlyexistandareeitherincirculationorlocked.Butthisopenedaloophole.Tokenownerscouldartificiallyinflatetheirmarketcapbypre-miningcoinsandlockingthemaway.Inresponse,totalsupplywasswappedforcirculatingsupply–allcoinsortokensthatareailablefortrading,excludingthosethatarereservedorlocked.Circulatingsupplywasintendedtomeasureliquidsupply.Thisraisednewcomplications,namelyhowtodefinewhichpartofsupplycouldbeconsideredliquid.Takelostcoins,forexample.Circulatingsupplyisincapableofjudgingwhichcoinsarelostforever.InthecaseofBitcoin(BTC),itisestimatedthatupto4millioncoinshebeenlost.Ifthesecoinsweretoberemovedfromcirculatingsupply,thecurrency’smarketcapwouldnosedive.Manycriticsofcirculatingsupplysuggestthatthemetrictendstooverestimatetherealsupplyonthemarketbyincludingtokensthataren’tactuallyailable.Perhapsthemostnotablepitfallofthecryptomarketcapcalculationisfoundinthemechanicsofthecryptocurrencymarket.Asthecryptomarkettendstobemorevolatilethanthestockmarket,anysignificantbuyorsellordercanleadtoamajorpricemovementthatwillaffectaproject’smarketcap.Thisiswhyweoftenuseametricknownasredemptionimpactscorewhichmeasuresthelikelihoodofalargeorderaffectingthepriceofacryptoasset.Ahighredemptionimpactscoreindicatesalessstablepricewhilealowscoreindicatesthatanassetcanmaintainarelativelystablepricethroughdynamicmarketactivity.Inreality,themajorityofcryptocurrencieshehighredemptionimpactscores.Anotherdrawbackofcryptomarketcapisthatitispronetomanipulation.MustafaAl-BassamfromUniversityCollegeLondondescribedacasewhere0.002ofthecoinFirstblood(1ST)wasboughtfor$140worthofEthereum(ETH).Thisledto1ST’spricebeingquotedat$69,000percoinandamarketcapof\$163billion.Foramoment,1STtheworld’ssecond-biggestcryptocurrency.Thisdemonstrateshoweasilymarketcapcanbemanipulatedwhenacoinhasmeertradingvolume.Thesameoccurswhenawhale,orlargeinvestorholdingasignificantpercenteofacryptocurrency,decidestodumpitallatonce.Thecryptocurrency’spriceplummets,followedbyitsmarketcap.Anotherwaytoillustratehowinefficientandevendeceivingmarketcapcanbeistoiminethatyouarelaunchingacryptocurrencyproject.Let’ssaythattheprojecthasatotaltokensupplyofonebillion.Ifyousellasinglecoinfor$1,yourprojectisnowworth$1billion.Yetanotherdownsidetocryptomarketcapisitsinabilitytomeasurethevalueofaproject.Cryptomarketcapmerelyrevealsthepricethatinvestorsarewillingtopay.Itdoesnotexpressvalue.Considerovernightpricegains.IfTron(TRX)suddenlyjumps20%,doesthatmeanthenetworkhasaddednewfeaturesorcreatedreal-worldvalueinanyway?Mostofthetime,theanswerisno.Generally,itjustmeansthatpeoplearewillingtopay20%morefortheasset.Onelastthingtobearinmindisthatmarketcapisareflectionofthelastpriceatwhichacryptoassettraded.Allprevioustradeswereexecutedatdifferentprices,andthereisnoguaranteethatthelastpricewillbethepriceatwhichthenexttradeexecutes.Infact,giventhevolatilityofcryptocurrencies,priceisunlikelytoremainthesameforverylong.CryptomarketcapalternativesSeveralalternativesheproventobebetterindicatorsofcryptoassetquality.Thefirstismarketcap’supgradedversion-fullydilutedmarketcap(FDMC),whichoptimizescirculatingsupplybynormalizingdisparitiesinemissionschedules.FDMCbasesmarketcapcalculationsonapointinthefuturewhenanasset’ssupplyiscomparabletothecurrentsupply.Thisnormalizesemissionschedulesbetweenassetstoprovideamoreevencomparison.However,FDMChasitsflaws.Themainoneisitsinabilitytodealwithprotocolsdesignedtoinflatesupplyinperpetuity.Thismeansthatnomatterhowdistantthepointintime,resultsmaystillbeskewed.AnotherpitfallofFDMCisitsassumptionthatpriceswillremainconstantregardlessofchangesinsupply.Realizedcapisanothermarketcapalternative.Itimprovesoncirculatingsupplybyexcludingcoinsthathebeenlostorneveractivated.Theindicatorreliesonunspenttransactionoutput(UTXO),whichisusedbynodestoconfirmthevalidityoftransactions:ifatransactionisn’tpresentinthedatabase,itisn’tconsideredvalid.UTXOhelpsoidtheproblemofdouble-spending,orthespendingofnonexistentcoins.ResearchersuseUTXOtoestimatethenumberofcoinslostovertime–inthecaseofBitcoin(BTC)–andcoinsthatwereneverclaimedoractivated–inthecaseofBitcoinCash(BCH).TheonlydownsidetorealizedcapisthatitstrugglestodifferentiatecoinsthatarelostentirelyfromcoinsthatareHODLedforthelonghaul.Thisleadsustooneofthemostpopularalternativestomarketcap,market-value-to-realized-value(MVRV),whichseekstodeterminehowover-orundervaluedaparticularassetisbyanalyzingwhereitisinitsmarketcycle.MVRViscalculatedbydividingmarketcapbyrealizedcap.TheconceptisthatmarketcaprevealsmarkethypewhilerealizedcapNomics: Crypto Market Caps - Preços, Altos Altos, Gráficosindicateswhetherlong-term,“serious”investorsheenteredthemarket.Theadditionofmarketcycleanalysisenhancesmarketcapandmakesitmoredynamic.Youcanlearnmoreaboutmarketcapalternativesinthefollowingessay.However,itisworthnotingthatcryptomarketcap,oranyofitsalternatives,representasinglewaytoevaluatethequalityofacryptoasset.Thereareotherindicatorsthatprovidestatisticaldataabouttheperformanceofcryptoassetsandcharacteristicsthatmightbedetrimentaltotheirlong-termhealth.Tofullyunderstandthem,wemustfirstlookatthestockmarket.Tofindtherealvalueofastock,analystscalculatethenetpresentvalueofacompany’sprojectedrevenuesordividends.Stockmarketanalystsrelyheilyonrelativevaluationmodelslikeprice-to-earnings(P/E),whichallowsthemtoperformafaircomparisonoftwoinstruments.Cryptocurrencyanalystsheattemptedtoadaptthisframeworkintometricssuchasnetwork-value-to-Metcalfe(NVM)andnetwork-value-to-transactions(NVT).BeforedelvingintoNVM,let’sdefineMetcalfe’sLaw.Thelawisusuallyappliedtoonlinenetworks,butitisalsoconsideredusefulintheworldofcryptocurrencies.Accordingtothelaw,themorepeoplewhouseanetwork,themoreutilityeachpersonderives.Thisalsoleadstoahighernetworkvalue.CryptocurrencyanalystsuseNVMtodeterminehowover-orundervaluedanassetmaybe.Thenextratio,NVT,focusesontransactionvolume.TheratioissimilartoP/Einthestockmarket,whereearningsactasaproxyforthevaluethateachshareholderreceives.Inplaceofearnings,NVTsubstitutesnetworktransactionsanddividesmarketcapbydailytransactionvolume.HighNVTindicatesthatanasset’smarketvaluesurpassesitsactualvalue.LowNVTindicatesanundervaluednetwork.NVTisn’taflawlessindicator.It’snotclearonwhichtransactionsshouldbeconsidered,andthefactthatthereareon-andoff-chaintransactionsincreasesthedifficultyofestimatingtotaltransactionvolume.Anotherwaytodeterminetheliquidityofanassetisthroughbuysupport,whichisthesumofbuyordersat10%distancefromthehighestbidprice.Buysupporthelpsexplainhowliquidaparticularassetisandhowmanybuyordersshouldbeexpected.Inadditiontofactorslikeprice,circulatingsupply,liquidity,andtradingvolume,anetwork’svaluecanalsobeconsideredintermsofsecurity,numberofactivecontributors,andpopularityonsocialmediaandTelegram.Hopefully,thisdemonstratesthatcryptomarketcapisanincompletemetricandthatinvestorswhorelyonitexclusivelydosoattheirperil.Althoughmarketcapisthemostpopularindicatorofcryptoassetvalue,itisinefficientatestimatingassetqualityandstrugglestoprovideactionabledata.Forthesereasons,cryptomarketcapshouldalwaysbebackedbyadditionalmarketmetrics.Howcanacryptocurrencyraiseitsmarketcap?Therearetwowaystoraisethemarketcapofacryptoproject.Thinkofthemasthe“artificial”wayandthe“natural”way.Or,inotherwords–the“bad”wayandthe“good”way.The“bad”wayexistsbecausemarketcapisaninefficientindicatorandpronetomanipulation.We’regoingtofocusonpositive(or“natural”)waystoraiseaproject’smarketcap.Wehealreadyexaminedthedrawbacksofmarketcap.Tosummarize,itpresentsinvestorswithapriceratherthanavalue.Whileahigherpricedoesn’tnecessarilyindicateahighervalue,ahigherreal-worldvaluecanincreasethepriceofatoken.Thismeansthatifyouwanttoraisethepriceofacryptocurrency,focusonincreasingthevalueofthenetwork.Thefirststepistoattractasmanyactiveusersaspossible.Thebiggerthenetwork,themorestableandattractiveitis.VitalikButerin,thefounderofEthereum(ETH),listedseveralcharacteristicsthatincreasethevalueofanetwork:SecurityLargernetworksrequireconsensusfrommorenodes,whichmeansmoreresilienceainsthackers.Usability–Merchantadoptionmeansbetterusabilityandmoreconvenienceforconsumers.Andviceversa.Themoreconsumersthatuseaparticularnetwork,themoreattractiveitistomerchants.Integration–Platformswithmoreusersarealsomoreattractivetothird-partyserviceorproductproviders.Themoreintegrationsanetworkhas,themorefunctionalitis.Marketdepth–Biggernetworksusuallyhegreatertradingdepthonexchanges,allowinguserstoconvertlargerquantitiesofacryptocurrencywithoutsignificantlyaffectingitsprice.Reasonablefees–Usersprefercryptocurrencieswithnoorlowfees.Themoreusersacryptocurrencyhas,themorecounterpartiesthereare,whichnaturallydrivesdowntransactionfees.Buthowdoesanetworkreachapointwhereitattractsnewusersonaregularbasis?Beforeanetworkattractsuserscontinuouslyandnaturally,itmustmeetcertainprerequisites.Let’stakealook.Real-worldusecasesForacointobevaluable,itmustheastrongusecase.Aprotocolmustsolveareal-worldproblem.Itcouldtackleamarketpainpointorprovidevaluetoinvestorsintheformofutilityrightsorasamediumofexchangeonaplatform.Whenacoinhasaprovenusecase,thereisanincentiveforinvestorstobuy,hold,orspendit.ConsiderEthereum.Forsomeonetodevelopapplicationsonthenetwork,heorsheneedsgas,whichcomesfromtheplatform’scurrency,ETH.Themoredevelopersthereare,thebiggerthedemandforETH,andthehigheritspricegoes.Theresult:ahighernetworkvalueandahighermarketcap.Theaimofeachcryptocurrencyismassadoption.Thatsaid,hingreal-worldapplicationsremainsadifficulttaskformostcryptoprojects.Itisalongandcomplicatedjourney,butitistherightpathtofollow.__Acointhatisn’tdesignedwithausecaseinmindismerelyatoolforspeculators,withoutanyfundamentalvalue.ScarcityInsomecases,scarcitycanresultinincreasedvalue.Themorerareanasset,themoreexpensiveitbecomes.ThisiscertainlythecasewithBitcoin(BTC).Itsfixedsupplymeansthatitsprotocolcannotcontinuouslyissuenewtokens,andmanyexpertsbelievethatthecloserwegettothemomentwhenallcoinsaremined,thehigherthepricewillrise.Thisprincipleisvalidmostlyforcoinswithreal-worldusecases.Alargenumberofcoinsaredesignedwithcontinuouslyexpandingprotocols.Althoughthisleadstoahighermarketcap,itdoesn’treallyaddvalue.Meanwhile,otherprojectsheanintegrated“burning”mechanismtodestroyaportionoftheirsupplyandincreasethepriceofeachcoin.Scarcityisausefultoolforprojectownerswhowishtocontrolthemarketcapoftheirtokens,butitshouldbeusedappropriately.ListingsonexchangesAnotherwaytoboostmarketcapistogetlistedonasmanyreputablecryptoexchangesaspossible.However,gettinglistedonexchangescannotbethefinalgoal.Manyhepoliciestodelisttokensthataren’tregularlytraded.Therefore,it’svitalforprojectstowaituntilthey’vegainedsomepopularityandbuiltaninitialuserbase.Projectsthatarelistedonleadingexchangesareusuallyconsideredmorereputableandfinditeasiertoattractinvestors.Thisthenleadstohigherliquidity,which,combinedwithahighermarketcap,canturnacryptoassetintoapreferredinvestmentopportunity.Formoreinformationonhowtogetlistedonanexchangeandremainsuccessfulafterward,checkourCryptocurrencyExchangesFAQ.AclearroadmapProjectsthathitroadmapmilestonesontimeheahigherperceivedvalue.Aproject’sopennesstoinnovationandpartnershipswithproventhird-partyserviceproviderscanalsoraisecredibilityintheeyesofinvestors.Backingfromwell-knowncompaniesmeansmoretransparencyandamorenaturalpathforprojectstoestablishthemselvesonthemarket.LoyalfollowersProjectsthatheastableorincreasingbaseoffollowersaremoreattractivetoinvestors:thehigherthenumberofactivecontributors,themoreprogressiveanetworkwillbecome.Thinkofitlikethesnowballeffect–themorepeoplethereareonanetwork,themorewillbeinterestedinjoining.Onewaytogaugeanetwork’snumberofusersisitsnodecount.Nodecountrevealshowmanyactivewalletsexistonanetwork.Thehigherthenumber,thestrongerthenetworkis.Thisiswhymanyinvestorsuseamarketcap/nodecountratiotodeterminewhetheracryptocurrencyisunder-oroverbought.However,ahighnodecountoralargecommunityisnotenough.Projectsmustalsolistentotheirusers,whocanspotpointsoffrictionorrecommendfeaturesthatworkwellonothernetworks.Thetruthis,themarket–oruserbehior–cantellaprojecteverythingitneedstoknow.AreputationfortransparencyThereisnothingmoreharmfultoacryptocurrencythanabadreputation.Manyprojectsdoomthemselvesbydwellingintheshadows,whereit’simpossibletoearnuserorinvestortrust.Therehealsobeenseveralcasesofprojectsusingwhitepaperscopiedfromotherprojectswithoutchanginganythingbuttheorganizationandtokenname.Althoughsomeinvestorswillfallforaboguswhitepaper,itisusuallyarecipefordisaster.Investorsalsotendtooidtokensthatheahistoryofsecuritybreachesorprotocolissues.Thoughthisisn’ttosaythataprojectcan’tsurviveahack.Infact,ifaprojectshowsthatitovercameasecurityissueandbouncedbackstronger,itwillreflectpositivelyonthelong-termvisionoftheprojectandthequalityoftheteambehindit.Insummary,toraisethevalueandmarketcapofacryptoasset,oneshoulddiscloseeverythingabouttheproject(owners’backgrounds,roadmap,futureplans,risks,etc.)andbeastransparentaspossible.MarketingInrecentyears,themarketingofcryptoassetprojectshasbecomeincreasinglyimportant.Competitionforcesprojectstocontinuouslyimprovetheirmarketingcommunicationsandadoptdifferentchannelstodiscovernewaudiencemembers.Marketingdoesn’tstoponceaprojectgoesliveorgetslistedonanexchange.Ifaprojecthasauniqueusecase,there’sachancethatwordwillspreadorganically.However,inmostcases,projectsshouldspendatleastsomemoneyonmarketingandPR.Howbigcanthecryptocurrencymarketcapget?Todeterminethemaximumcryptocurrencymarketcap,weneedmaxvaluesforpriceandcirculatingsupply.Generallyspeaking,thepriceofacryptocurrencyisdeterminedbysupplyanddemand.Unfortunately,demandisalmostimpossibletopredict.Forexample,inthecaseofBitcoin(BTC),wecan’tbesureatwhatpriceitwilltradewhenitreachesitsmaximumsupplyof21million.Itcouldbe$50,000or$500,000.Dependingonoutsidefactors,suchasabanoncryptocurrencies,itmayevendropbelowitscurrentprice.Estimatingthemaximumcirculatingsupplyofallcryptocurrenciescanalsobedifficult.Whilesomeprotocolsdeclareafixedsupply,othersaredesignedtocontinuouslyissuenewtokens.Duetotheseunpredictabledynamicsandthefactthatnewcryptocurrenciesaredevelopeddaily,itbecomesquitehardtopredicthowmuchcryptocurrencywillbeincirculationatanypointinthefuture.Thatsaid,todeterminethemaximumcryptocurrencymarketcap,onewouldhetofindthemaximumcirculatingsupplyofallailablecryptocurrenciesthenmultiplythatbythepricesofthosecurrencieswhentheirrespectivecirculatingsuppliesareattheirmaximums.Let’sseewhatsomeofthefield’sleadingfiguressay.ChangpengZhao(CZ),thefounderofBinance,admittedthatheseescryptocurrenciesgrowing1000xmoreandsurpassingamarketcapof\$200trillion.VitalikButerin,co-founderofEthereum(ETH),statedthatheseesroomforgrowth,butaddedthatit’sunlikelythecryptocurrencymarketreachessuchlevels.Who’sright?Althoughwecan’tknowforsure,wecanmakesomeassumptionsbasedonpresentinformationandexpertprojections.Ifthecryptomarketcapreaches\$200trillion,itwillmeanthatcryptocurrenciesrepresentthemajorityoftheworld’swealth.Forthistooccur,theworldfinancialsystemwouldhetoundergoaparadigmaticshift.Banksandhigh-net-worthindividualswouldhetodropcurrentinvestmentsandstoresofvalueinforofcryptocurrencies.Fornow,thisseemsunlikely.AsurveybytheWorldEconomicForumconcludedthatin2027,10%oftheworld’sGDPwillbeheldindigitalassets.AccordingtostatisticsfromtheWorldBank,globalGDPwasapproximately$85.8trillionin2018.Long-termGDPforecastsprojecta2027GDPof$126trillion.Iftheaboveestimatesarecorrect,in2027,$12.6trillionoftheworld’sGDPwillbestoredincryptoassets.ThesefiguresarefarfromCZ’s$200trillion.Let’slookatitanotherway.IfthepriceperBitcoinreaches$50,000whenthemaximumsupplyismined,itsmarketcapwillsurpass$1trillion.ConsideringthatBitcoinaccountsformorethan60%ofthecryptomarketcap,itmeansthattheentiremarketwillonlybeworthabout\$2trillion.Togetabroaderperspective,let’stakealookattheworld’smoneysupplyandthewayitisdiversified.In2017,theplanet’snarrowmoney(coins,banknotes,andcheckingaccounts)wasworthabout$36.8trillion.Moreonthathere.AccordingtodatafromtheWorldBank,the2018marketcapitalizationforalllisteddomesticcompanieswas$68.6trillion.Thismeansthatexplosivegrowthwillberequiredforthemarketcapofcryptocurrenciestorivalthemarketcapofcheckingaccountsorstocks.Intheory,theonlycheckonthecryptocurrencymarketcapistheworld’smoneysupply.However,atleastinthenear-term,it’sunlikelythecryptomarketcapexceedsevenafewtrilliondollars.Howcancryptoassetswithlowtradingvolumeshehighmarketcaps?Marketcapitalizationisapopularindicator,butitdoesn’ttellthewholestory.Rankingcryptocurrenciessolelybymarketcapignorescrucialstatisticalinformationandfailstoinforminvestorsaboutpopularity,liquidity,andotherimportantfactors.InvestorswhobasetheirdecisionsexclusivelyonmarketcapofNomics: Crypto Market Caps - Preços, Altos Altos, Gráficostenendupdisappointed.Investorswouldbebetteroffanalyzingthetimeneededforacryptoassettotradeitsmarketcapequivalent.Theruleofthumbisthatifacryptocurrencygeneratestradingvolumethatisequaltoorhigherthanitsmarketcap,itishealthyandstable.Investorscangetinandoutofpositionsquicklyandlockintradesatpreferredprices.Monthlytradingvolumeforsomeofthemorepopularcryptocurrenciesissimilartotheirrespectivemarketcaps.Thisindicatesstabilityandbalancedinterestfrommarketparticipants.ButifwelookatBytecoin(BCN),wefindamajorgapbetweentransparenttradingvolumeandmarketcap.Asofthiswriting,itwouldtake212monthsforBytecoin’smonthlytradingvolumetoreachitsmarketcap.InthecaseofIOTA(IOT),itwouldtakeapproximately7months.ForBitcoin(BTC)andEthereum(ETH),itwouldonlytake2.5and1.5monthsrespectively.Howmightacoinwithlowtradingvolumegetahighmarketcap?Itoftenoccurswhenacryptocurrency’ssupplyishigh,buttherearen’tmanycoinsincirculation.Thiscouldbeduetolong-termHODLerswhoaren’tactivelybuyingandselling.Adisadvanteofinvestinginlow-volumecryptoassetsistheirinabilitytosupportbigtrades.Asingletradecouldmovealow-volumecryptocurrencysignificantly.Thismakessuchassetsunattractivetolargeinvestorswhowouldstruggletoexecutemajortradeswithoutexperiencingslippe.WherecanIfindhistoricalcryptomarketcapdata?Dependingonwhetheryouwantinformationabouttheentirecryptocurrencymarketoranindividualasset,thereareseveralwaystotrackmarketcaphistoryonNomics.Here’showtoproceedinbothcases:HowcanIgethistoricalmarketcapdatafortheentirecryptomarket?Oneofthefirstthingsyou’llseewhenyouvisitourhomepeisawindowwithinformationabouttheglobalcryptocurrencymarketcap.Itislocatedinthetopleftcornerandincludesdatathatgoesbackuptoayear.Nexttothewidget,you’llfindinformationaboutmarketcapgainers(%)andthemostdominantcoinsinthecryptomarket.HowcanIgethistoricalmarketdataforaspecificcryptocurrency?Togetmarketcaphistoryforaspecificcryptocurrency,gotothepeforthatasset.Let’stryLitecoin(LTC).The“Statistics”tabofferscondensedinformationaboutLitecoin’smarketcap,pricechanges,marketdominance,andmarketcaprank.“HistoricalData”containspriceinformation(open,high,low,andclose)alongwithdailytradingvolumesthatdatebacktoLitecoin’sfirsttradingday.The“Widget”sectionoffersfreeaccesstoanembeddable,mobileresponsivewidgetthatdisplayslivetickerpricesandhistoricallinechartdata.Formoreonourembeddablecryptocurrencypricingwidget,seethisannouncement.Howcanacryptocurrencyartificiallyboostitsmarketcap?Inapreviousanswer,wecoveredthedrawbacksofrelyingonmarketcapwhenmakingcryptocurrencyinvestmentdecisions.Wedemonstratedjusthoweasyitistomanipulatemarketcap.Inrecentyears,thecryptocurrencyspacehasmadestridestowardslegitimacy,butsystemicabuseremains.Oneofthemostcommonwaystheecosystemismanipulatedisviaartificialinflationofprojectmarketcaps.Herearefivepracticesthattokenissuersadopttomanipulatetheirmarketcaps:1.SupplymanipulationCryptomarketcapiscalculatedbymultiplyingthepriceofacoinbyitscirculatingsupply.Thismeansthatbyinfluencingcirculatingsupply,atokenownercanaffectthemarketcapitalizationofhisorherproject.Theeasiestwaytodothatisbybuildingfrequenttokenemissionsintotheprotocol.Otherprojectownersadoptthestrategyofreleasingamassiveinitialissue.Ifanewcryptocurrencycanissueamilliontokensandsellthefirstonefor$1,themarketcapoftheprojectbecomes$1million.SowasthecasewithU.CASH(UCASH),Dentacoin(DCN),andseveralotherprojects.Anotherwaytomanipulatesupplyisbyairdroppingcoinsintouserwallets.2.FaketradingvolumeThisisthemostcommonmeansofmanipulatingacryptocurrency’smarketcap.Overthepastfewyears,severalstudiesheconcludedthatsometokenownerssendfakevolumetoexchangestomaketheirprojectsappearmoreattractivetoinvestors.Highervolumeindicatesgreaterinterestinaprojectandmoreliquidity,whichmeansthatinvestorscanenterandexitpositionsattheirpreferredprices.Atokenwithhigherreportedvolumeisalsomorelikelytobelistedtowardsthetopofanexchange’srankings,whereitwillbemorevisibletoinvestors.ThiscansparkFOMO,or“fearofmissingout.”3.PricemanipulationAnotherwaytomanipulatecryptoassetpricesisviaso-called“pump-and-dump”schemes.Theseschemesaren’talwaysengineeredbytokenowners.Sometimestheperpetratorisaninvestorinterestedinartificiallyboostingthepriceofacoin.Inapump-and-dumpscheme,amarketparticipantsendsahighvolumeofbuyorderstocreatetheimpressionthatthereisinterestinaproject.Thisgeneratesrealinterest,andthepricejumps.Atthatpoint,theinitialbuyerssell–ordump.Unliketraditionalpump-and-dumpschemes,inacryptoassetpump-and-dump,thepricemayfall,butitdoesn’tnecessarilycrash.Afterall,therearesomenaturalbuyers.Justtobesurethatthepricedoesn’tcrash,fraudstersmaydumpinwes.Ratherthansellallatonce,theysellsteadily.Thisresultsina“bottom-fishing”situationwhereotherswonderwhetherthepricedropismerelytemporary.They’remotivatedtobuyandendupsupportingtheprice.Allofthisresultsinanartificialpriceincreasethatsimultaneouslydrivesupmarketcap.Thistypeofpricemanipulationisusuallyappliedtolowmarketcapandlow-volumecryptoassets,although,dependingonthescale,itcanworkinmoredevelopedmarketsaswell.Tolearnmoreaboutpump-and-dumpschemesandtheirapplicationtothecryptocurrencyworld,seethiscomprehensivestudy.4.FakerecommendationsandmisinformationManyprojectspayreviewsitesforpositivereviewsandrecommendations.Anunsuspectingaudiencecanbeeasilymanipulated.Thedisseminationoffalseinformationoftenhappensduring“pumping”phaseswhenthecommunitybehindaprojectendeorstoattractasmanyinvestorsaspossible.Totrickothersintobuyingtheircoin,acommunitymighttryfakenewsstories,fakepartnerships,orevenforgedendorsementsfromprominentpublicfigures.Forexample,agroupcreatedafakeTwitteraccountthatresembledonebelongingtoJohnMcAfee,anentrepreneurandawell-knownfigureinthecryptocurrencyworld.Theaccount’snamewasmadetolookliketherealone,@officialmcafee,onlyitincludedanextra“l”.Thefakeaccountpostedpositivetweetsaboutanaltcoin,GenesisVision(GVT),andsupportedthosestatementsinachatroom.Thetweetwassharedthousandsoftimes,andthepriceofthecoinjumped50%.5.HypeSomeprojectownersusebotsandfakeaccountstogeneratebuzzonsocialmedia.Buzzattractsinvestors.Moreinvestorsmeanahigherpriceandahighermarketcap.Analystshedevelopedmetricstoevaluatewhetheraprojectisbeingunreasonablyhypedonsocialmedia.Oneofthemostpopularindicatorsisthehype-to-activityratio.Itmeasuresthenumberoftweetsaboutacryptoassetpermilliondollarsoftradingvolume.Theratiouses30-dayeresforbothtweetsandtradingvolume.Inmostcases,overhypedprojectsareindeedusingbotsorfakeprofiles.Hypecanalsocomefromtheorganizedeffortsofaproject’scommunity.InvestorsmayjoinforcesonTelegramtohypeaprojectandincreaseitsprice.StudiesheshownthatTelegramandDiscordgroupsarecapableofboostingpricesasmuchas950%.Thatsaid,mostinvestorsareabletoseethesehype-drivenpumpsforwhattheyare.Howcanacryptocurrencyartificiallyinflateitstradingvolume?Faketradingvolumeisoneofcryptocurrency’smostwell-knownproblems.Numerousreportshecomeout(Bitwise,CryptoIntegrity,TheBlock,SylvainRibes,andothers)whichconfirmthatabubblewascreatedbytokenownersandexacerbatedbyexchangesandexchangedatagregators.Studiesconcludethatmorethan80%oftradingvolumeisfake.Thetruthisthatartificiallyinflatingtradingvolumeisprofitableandeasy.Fromaprojectowner’spointofview,inflatingvolumemakestheirprojectmoreappealingtoinvestors.Hightradingvolumeisasignofliquidity,whichallowstraderstoenterandexitpositionsquickly.It’salsoindicativeofstability,orlowvolatility.Highvolumesignalsthatamarketishealthyandworthinvestingin.Forthesamereasons,highertradingvolumeenablesanexchangetochargehigherlistingfees.ItalsogeneratestrafficfromgregatorsandhelpsexchangesattractIEOs.Tradingvolumedoesn’tgrowontrees,butitisrelativelyeasyforprojectownerstomanipulate.Fromthere,thecontionspreadstoexchangesandmarketdatagregators.Whatarecommonwaystofaketradingvolume?Themostcommonmethod,tickerstuffing,isdetailedbyNomicsCEOClayCollinsintheshortvideo,“HowCryptocurrencyExchangesSpamCoinMarketCap(WithFakeVolume).”Anexchangesimplychangesthevolumenumber.It’sthateasy.Atoken’stradingvolumecangrowfrommillionstobillionsinthesecondittakestotypethreezeros.There’snoneedtomodifytradesorcandles.Allonehastodoisadjustthenumber.Thereareotherwaysaswell.Coindeskhasfoundthattherearecompaniesofferingtofakevolumeforafee.TheseoutfitsprogrambotstobuyandsellatokencontinuouslyuntiltradingvolumeissufficientlyinflatedtoearnarankingonCoinMarketCapandotherexchangegregatorsites.Thispracticeisalsoknownas“washtrading”.Mostofthetime,washtradingisengedinbyexchanges,butitcanbedonebytokenownersaswell.Someexchangesencouretheircustomerstowashtradeforthem.Theseexchangescompensatewashtraderswithtokensordiscountedfees.Foraprojectowner,anexchangemightalsooffertocutthelistingfee.Inmanycases,whenanexchangeandaprojectownerconspiretoartificiallyboosttradingvolume,it’sawin-winforbothsides–atleastintheshort-term.Otherexchangeskeepitsimpleandcounteachtradetwice.If,forexample,Bitcoin(BTC)istradedainstEthereum(ETH),theexchangewouldrecordtwotransactions–abuyandasell.HowcanIrecognizefakevolume?Mostexchangegregatorspostdatadirectlyfromtokenprojectsorcryptoexchanges.Oftentimes,thisdatacontainsfakevolume.Mostofthetime,ifyouuseangregator,you’llhetoperformindependentresearchtoverifythereportedinformation.AtNomics,wetakeadifferentapproach.WeprovidevisitorsandAPIuserswithTransparentVolume,theportionoftradingvolumethatcomesfromexchangesthathereceivedanA+,A,orA-TransparencyRating.Thesehighly-ratedexchangesareconsideredtobetransparentbecausetheyheprovidedNomicswithhigh-granularitytradedata,includingfullhistoriesforeachtradingpair.Inotherwords,withtransparentvolume,yougetamuchmorerealisticrepresentationthatexcludeswashtradingandotherformsoftoxicvolume.Foreachcryptoassetlistedonourhomepe,TransparentVolumeislocatedbetweenVolumeandCirculatingSupply.Formostassets,TransparentVolumerangesbetween20%and70%.However,therearesomeassetswithvaluesaslowas5%.Thisgoestoshowthelevelofmanipulationthatexistsinthecryptocurrencymarket.Whatisthetotalcryptomarketcap?Thetotalcryptocurrencymarketcapisthesumofthemarketcapsofallactivelytradedcryptocurrencies.Tofindthetotalcryptocurrencymarketcap,visitNomics.com.Inthetopleftcornerofthehomepe,you’llseeawindowwithreal-timeglobalmarketcapinformation.Mouseoverthe“i”,or“information”tforpercentechangesinglobalmarketcapoverthepast24hours,7days,30days,andyear.Ifthenumbersareblue,itmeansthattheoverallcryptomarketcaphasremainedsteady.Ifthey’rered,thenmarketcaphasdecreased.Greenindicatesthatglobalmarketcaphasincreased.Bitcoin(BTC)oftenaccountsformorethan60%ofthetotalcryptomarketcap.WhichcryptocurrencyshouldIbuy?Thisisacommonquestionandanunderstandableonegiventhattherearemorethan2,300activelytradedcryptocurrenciesandmorethan1,700thathealreadybeenburiedinthecryptogreyard.Thevarietyofinvestmentopportunitiescanresultinanalysisparalysis.Youshouldchooseprojectswithhistory,acleargoal,transparentvolume,anactivecommunity,andongoingdevelopment.Thesecharacteristicsindicateahealthyprojectwithpotential.It’salsoimportanttoconsideryourrisktolerance.Youcouldchooseaprojectthatisalreadylistedandactivelytraded,suchasBitcoin(BTC),Ethereum(ETH),orRipple(XRP),oryoucouldgowithahigh-risk,high-rewardICO.Let’sstartwithlistedandactivelytradedcryptocurrencies.Thesecurrenciesareoftenregardedasmoresecurethannewprojects.Theyhetrackrecordsandenoughtradingvolumetobeconsideredliquid.Ifyouchoosetoinvestinaleadingcoin,followthenewsforregulatorydevelopments,policiesthatmayeaseorpreventmainstreamadoption,andindustryshifts.Ifyouhetheskills,youcanalsoincludetechnicalanalysis.Thatway,you’llheawell-roundedstrategythatminimizesrisk.WhetheryourgoalistoHODLforyearsortospeculateonshort-termpricefluctuations,establishedcryptoassetscanbeanexcellentchoice.ThenthereareinvestorswhodreamofdiscoveringthenextBitcoinorEthereum.Thesefolkstendtolookatpre-ICOprojectsandICOswithhighgrowthpotential.Whenconsideringearly-steopportunities,it’simportanttobewareprojectsthatpromiseexorbitantreturns.Manyprojectsthatmakebigpromisesarenotreallydesignedtosucceedintherealworld.They’resolelyfocusedonseparatingnoviceinvestorsfromtheirmoney.Whateveryourrisktolerance,beforemakinganinvestmentdecision,itisessentialtodeterminewhichtypeofcryptoassetyou’reconsidering.Therearefivemaincategories:UtilitytokensAlsoknownasapptokens,utilitytokensheanapplicationandvalueontheirissuingplatforms.Investorswhopurchaseutilitytokensbelieveintheprojectwithwhichthey’reassociatedandwanttobuyinbeforethepricegoesup.Bearinmindthatthetotalsupplyofutilitytokensisusuallyfixed.SecuritytokensSometimesreferredtoas“digitalshares”,securityorequitytokensaretokenizedslicesofsecuritiesinwhichholdersheownershiprights.Securitytokenscanalsoprovideholderswiththerighttoreceivedividends.Formoreonsecuritytokens,checkoutourthree-partaudiodocumentary,TokenizetheWorld.AssettokensAssettokensaredigitalrepresentationsofphysicalassetslikegoldandsilver.They’repopularbecausetheyprovideinvestorswithaneasywaytobuypreciousmetalsandothercommodities.Thepriceofanassettokenistiedtothepriceofanunderlyingphysicalasset.CurrenciesCurrenciesarethemostcommoncryptoassettype.Astheirnamesuggests,theyserveasaformofpayment.Bitcoin(BTC)isthemostprominentexample.RewardtokensRewardtokenshenovalueontheopenmarket.They’resimplyusedtogamifyplatformengementbyrewardinguseorloyalty.Mostrewardtokenscanonlybespentontheirissuingplatform.We’vecoveredthetypesoftokensaprojectcanissue.Nowlet’scoversometipsthatwillmakeyouabettercryptoinvestor.Toincreaseyouroddsofchoosingsoundcryptoassetprojects,considereachopportunityintermsofthefollowingcharacteristics:1.PhilosophyandstatedgoalsInmostcases,ICOsareideasthatneedmoneytoberealized.AnICOisrarelyafunctioningproduct.Ifyoudecidetoinvestinanearly-steproject,understandthatyou’resupportingaconcept,notsomethingthathasbeenproven.ThisisnottosaythatinvestinginanICOisfoolhardy.Injustfivedays,theEOS(EOS)ICOraisedover\$180millionwithoutaworkingproduct.Fromthere,thepriceofthetokenskyrocketedmorethan450%.WhatthismeansisthatyoushouldjudgeanICOonitsfundamentalsratherthanitstrackrecordintherealworld.Thinkaboutthephilosophyonwhichtheprojectisbuiltaswellasitsstatedgoals.Bitcoinwaslaunchedasanalternativetotraditionalmoney.Ethereumwasdesignedtobeaworldcomputerfordecentralizedapplications.Themostimportantfactorwhenselectingacryptoassetprojectisthephilosophyandstatedgoalsofitsfounder(s)orteam.Thegoalshouldbeambitiousbutrealistic.Thecryptocurrencyspaceisfilledwithprojectsthatpromisetotransformtheworldforthebetter,butmostattemptstoreorganizetheglobalfinancialsystemorabolishpovertyorhungerwillfail.Itisvitaltodistinguishhypefromanideawithareal-worldusecase.Projectsthatareambitiousintermsofthetechnologythey’redevelopingorwhichhopetorefineanexistingconcepthethebestchancesofdisruptingthestatusquoandmeetingwithsuccess.Thatsaid,it’sworthkeepinginmindthatthelikelihoodoffindingaunicorninthecrowdedcryptocurrencyspaceisnotashighasitoncewas.Lookforprojectsthatseektoaddfunctionality,accelerateprocesses,orotherwiseaddressaspecificpainpoint.Cryptoassetprojectswithclearlydefinedgoalsarethemostlikelytogeneratelong-termvalue.It’salsoimportanttoconsiderthetechnologythatpowersaproject.Launchingatokenrequiresablockchain.MostofferingslaunchonEthereum(ETH).OtherprojectslikeCardano(ADA)createanewblockchainfromscratch.Startingfromsquareonemayyieldterrificlong-termresults,buttheprocessisslow,costly,anddifficulttoexecute.2.AwhitepaperUnfortunately,thereareprojectsintheCryptospherethataredesignedtoscamwould-beinvestorsoutoftheirmoney.Thosewhodon’tdotheirownresearchriskbecomingvictims.IfyoushyawayfromestablishedcoinslikeBitcoinandEthereumandforprojectsthatflyundertheradar,alwaysbesuretoreadthewhitepaper.Seriousprojectswritedetailedwhitepapers.Tokenswithvuewhitepapersorwhitepapersthathebeencopiedandpastedfromotherprojectsshouldbeoided.Agoodwhitepaperanswersallofyourquestions.Itcoverstheprojectgoal,thefounder’sbackground,thedevelopmentteam,andtheroadmap.Agoodwhitepaperalsocoversthelegalframeworkthatexistsbetweenthedevelopmentteamandinvestors.Additionally,itshouldanswerquestionsrelatedtotokendistributionsuchaswhenandhowholdersreceivetokensandtheamountoffundingrequiredforeachphaseofthedistributionprocess.Aboveall,aproject’swhitepapershouldexplainwhyitneedsatoken.Ifthatquestiongoesunanswered,stayaway.Theremustbeareasonforissuingatoken.Ifthereasonisn’tclear,thentheprojectmaylackareal-worldusecase.It’salsoimportanttoknowhowraisedfundswillbestored.Iffundsarenotsecuredbysmartcontractoranescrowaccount,thenyourmoneywillbeatrisk.Beyondthat,it’swisetofamiliarizeyourselfwiththecompanybehindthecoin.Doestheteamincludeexperiencedsoftwaredevelopers?DoestheCEOheatrackrecord?Whoaretheproject’sadvisors?Iftheadvisoryteamseemstoogoodtobetrue,itmaybe.ShadyprojectshefalselylistedA-listadvisors.Ifyouseethataprominentfigurehassignedontoadvise,researchwhetherthatpersonisreallyassociatedwiththeproject.Anyinformationregardingtheteamandadvisorsshouldbefrontandcenterinawhitepaper.INomics: Crypto Market Caps - Preços, Altos Altos, Gráficosfit’snot,regarditasaredfl.Ifyouareconsideringinvestinginanestablishedcoin,checkwhetherithasstayedtruetoitswhitepaperandroadmap.Ifithasn’t,youmightwanttosteerclear.3.TradinghistoryForestablished,activelytradedcryptocurrencies,it’simportanttoconsidertradinghistory.EvenifyouintendtoHODL,it’sbesttochooseacryptocurrencythatisactivelytradedandliquid.Wheninvestorsknowtheycanenterandexitpositionswithoutslippe,they’remorelikelytoinvest.Thisbodeswellforpriceappreciation.Tooidfaketradingvolume,usemetricslikeTransparentVolume.It’salsoimportanttoanalyzepricemovement.Cryptoassetsthatconstantlyexperiencewildpricefluctuationsmaybetargetsofpump-and-dumpschemesorothermanipulativetradingpractices.4.StrongcommunityLookforcryptoassetprojectswithsupportive,activecommunities.MostprojectshepublicTelegramorSlackchannelswhereyoucancommunicatewithcommunityorteammembers.There’susuallyinformationonRedditandTwitteraswell.Wheninteractingwithmembersofacryptocommunity,besuretotakeeverythingwithagrainofsalt.Opinionsmaybebiasedandfewcommunitymemberswillhethetechnicalexpertisetoproperlyjudgeorcommunicateaproject’sprosandcons.Keepinmindthatsomeprojects,eventhosewithlargecommunities,relyonpaidPRtoboostinvestorinterest.Takehypeforwhatitis,andalwaysdoyourownresearch.It’salsoworthnotingthatprojectswithcleargoalsandreal-worldusecasestendtomarketthemselvestheleast.Theygiveinterviews,periodicallyreleaseannouncements,andmaintainasocialmediapresence,buttheydon’tpaypeopletohype.5.AcompetitiveedgePayattentiontothecompetition.Youmayhefoundaprojectthatpromisestocreatereal-worldvalueforthousandsormillionsofusers,butwhatifthere’sanotherteamwiththesamegoalinmind?Inacrowdedmarket,theslightestedgeintimetomarketoruserexperiencecanmakeahugedifference.WhenevaluatinganICO,considerwhereaprojectisinitsdevelopment.Sometokenslaunchwithlittlemorethanawhitepaperandaprayer.Othershebetaversionsonthemarketandareactivelycollectinguserfeedback.Inrarecases,thereisaworkingproduct.Thoughitcanbeprofitabletoinvestinveryearly-steICOs,it’ssafesttochooseaprojectthateitherhasaworkingproductorisclosetoreleasingone.Aworkingproductmeansthatdevelopmentisatanadvancedste,whichsignalsthattheideasbehindtheprojecthebeentested,ifnotinthewildthenundercircumstancesthatcloselymimictherealworld.Ifthereisacompetitorproject,considerwheretheyareintheirdevelopment.Ifthey’reclosertoaworkingproduct,theycouldseizeasignificantportionofthemarketwhileclaimingfirst-moveradvante.Anotherthingtolookforiswhetheraprojectisbackedbyventurecapital.IfVCssupportaproject,itsignalsthatithasasoundbusinessphilosophy,goodleadership,andareal-worldapplication.Venturecapitalcanalsobringcredibilitytoaproject,whichattractsotherinvestorsanddrivesuptheprice.Don’tforgettocheckwhethertopVCsbackthecompetition.Iftheydo,itmayindicatethatacompetitorislessrisky,possiblybecauseithasastrongerbusinessplanoramoreexperiencedCEOordevteam.Whenevaluatingacryptoasset,it’svitaltounderstandwhattypeofprojectitis.Welistedfivecategories:utilitytokens,securitytokens,assettokens,currencies,andrewardtokens.Wethendiscussedthecharacteristicsofgoodcryptoassetprojects:asoundbusinessphilosophy,adetailedwhitepaper,liquidity(ifit’sanestablished,activelytradedcoin),anactivecommunity,andacompetitiveedge.Intheend,ifacryptoassetprojectwantsyourmoney,it’sonthemtomakethecase.Aprojectthat’sworthyourtimeandmoneywillbetransparentabouttheirgoalsandoperations.Whatdoes‘Nomics’mean?Nomics-asineconomics.ThewordcomesfromAncientGreek:"nomics”,orνόμος(nómos,“law”).Ithaslongbeenusedincombinationwithotherwordstoformtermsthatdescribethelawsorrulesofadiscipline(e.g.Reanomics,ergonomics,genomics).HowdoIlistacryptoassetonNomics.com?AtNomics,wedon’tlistcryptoassetsdirectly.Foratokentobelistedonoursite,itmustbetradedonacryptoexchangethatisintegratedwithourplatform.Wereceivemarketdataaboutcryptoassetsfromtheexchangeswheretheyaretraded.AdvertiseHereAdvertiseHereMadewith❤inMinnesotaandMassachusettsMarketActivityAssetsExchangesCurrencyConverterWatchlistProductsAdvertisePricingMarketDataAPIWhiteLabelAPIforExchangesServicesContactSalesFeatureRequestStatusPeProductUpdatesResourcesAPIDocsBlogNewsletterForumsExchangeIntegrationVerifiedExchangeProgramMarketDataQuizNomicsx27;WebinarWebinarArchiveCompanyAboutManifestoCareersContactContactUsAPIKey©2022Nomics™|AllRightsReservedUpdatetrackingpreferencesTerms|Privacy

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