Investment Disclaimer: Please be advised that cryptocurrency markets are very volatile. Before you decide to trade or invest in cryptocurrencies, you should first educate yourself about them and get the advice of a certified financial professional.
Market Capitalization can be one of the aspects crypto enthusiasts look at when deciding on a digital asset to trade or invest in. The market capitalization (market cap) is calculated by multiplying its current price by the current circulating supply.
Market Cap = Price x Circulating Supply
A few of the most prominent websites for tracking the market cap of cryptocurrencies are CoinMarketCap and CoinGecko. A coin’s market cap is still regarded as the essential measure of relevance as it is also used to determine ranks among well-performing cryptocurrencies; however, the underlying idea is frequently criticized. The reason for this is that a cryptocurrency’s market cap more or less reflects its long-term popularity.
Does it really matter if crypto has a high market cap? Let us answer that as we read in this article.
If you are on your research to build your crypto portfolio, then we offer you this list of different high, medium, and low market cap coins that you might be interested to further study and include in your digital assets!
These coins are usually regarded as secure crypto investments, having a market cap of more than $10 billion. Investing in coins with a high market cap is often a prudent option. These coins are expected to be less volatile than other cryptocurrencies but still more volatile than traditional investments such as stocks.
Market Cap: $915.4B
Maybe this goes without saying. Bitcoin has been one of the top cryptos since its inception. It is peer-to-peer internet money, which means that all transactions take place directly between equal, independent network users, with no need for any middleman to allow or facilitate them.
Market Cap: $355.6B
Next to Bitcoin is this giant cryptocurrency. It is the most popular blockchain platform that employs smart contracts. Smart contracts are computer programs that automatically carry out the steps required to complete an agreement between several parties on the internet. They were created to remove the requirement for trusted intermediaries between contractors, lowering transaction costs while enhancing transaction dependability.
Market Cap: $67.5B
This crypto project is one of the most famous “Ethereum Killers.” According to the Cardano team, the project takes pleasure in ensuring that all of the technology it develops goes through a peer-reviewed research process, allowing for daring ideas to be questioned before being verified.
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These coins are more volatile, but they also offer great potential growth. Medium market cap coins might be a smart investment in some instances, but you must do your diligence. Over the years, many medium market cap coins have come and gone.
Market Cap: $9.6B
Algorand was established in solution to the slow transaction speeds of Bitcoin and other blockchains. Its goal is to speed up processes and enhance efficiency. Because Algorand is built on a permissionless pure proof-of-stake (PoS) blockchain technology, it has reduced transaction fees and no mining (unlike Bitcoin’s energy-intensive procedure).
Market Cap: $7.5B
Polygon (formerly Matic Network) is a user-friendly Ethereum scaling and infrastructure development platform. On a single side chain, Polygon can process up to 65,000 transactions per second, with a block confirmation time of under two-seconds. On a single fundamental blockchain, the architecture also permits the construction of globally accessible decentralized financial apps.
Market Cap: $6.4B
Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin’s goal is to store data in a decentralized fashion. It makes use of its decentralized structure to safeguard the integrity of a data’s location, making it easily retrievable and difficult to censor.
These coins are still in their early phases of development and hence have a low market capitalization. They are the crypto’s hidden diamonds, and they have enabled many investors to earn incredible profits.
Market Cap: $80.6M
All Ethereum ecosystem tools, including mobile wallets, hardware wallets, blockchain explorers, and smart contracts, are compatible with the xDai chain. One of the many aspects that distinguish xDai is that it is the first blockchain project, to begin with, a native currency that is a stable coin pegged to the US dollar.
Market Cap: $15.9M
Armor has emerged on the scene in response to the enormous surge in popularity of NFTs and DeFi this market cycle, providing a critical answer to the crypto sector. Armor is a DeFi smart insurance aggregator based on the basic concepts of a trustless system and decentralized financial infrastructure.
Market Cap: $4.7M
The Nord Finance platform is a one-stop-shop for novice crypto users, combining DeFi, yield farming, and financial counseling services into one convenient package. On a wide range of stablecoin assets, the project delivers high yield returns with low risk. More tokens will be available on the Nord Finance platform when new protocols and improvements are implemented.
Disclaimer: The primary goal of this material is to educate our readers. This article’s content should not be used to make a specific choice concerning cryptocurrency usage, legal concerns, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, or anything else. We highly urge you to consult with a financial professional.
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