If you are looking to invest in cryptocurrencies and profit, then you must know how to check market cap of crypto, you must understand the cryptocurrency market cap.
That’s because the market cap of crypto can tell you how big a cryptocurrency is – if it will be a risky or safe investment for you.
While large-cap coins are seen as a much safer crypto investment option, mid-cap coins are seen as more volatile crypto with a lot more growth potential than large-cap coins, whereas small-cap cryptocurrencies are often extremely volatile and seen as a highly risky investment, but with a lot of potential than the other two.
These coins with small-cap are also much more likely to crash.
So, the market cap of a crypto can tell you what to expect from a coin, it can help you to make smarter investment decisions, making it important to understand the market cap.
But before we can proceed with how to check market cap of crypto, here are some other topics we will discuss in this post:
- What is a market cap of cryptocurrency
- How to calculate market cap of crypto
- Top 10 cryptocurrencies by market cap
What Is A Market Cap Of Cryptocurrency
A crypto market cap, which is also known as market capitalization, is the total value of a cryptocurrency.
Market caps change day to day just as crypto prices change too.
When the market cap of crypto is rising, it indicates a bull market, more investors are buying the coin. When the market cap of crypto is falling, it indicates a bear market, investors are selling off the coin.
You can also use the market cap of crypto to check the popularity of a cryptocurrency.
How To Calculate Market Cap Of Crypto
Calculating the market cap of crypto is easy. All you have to do is multiply the circulating supply of the cryptocurrency by the current price of the coin or token (Market Cap = Current Price x Circulating Supply).
For example, bitcoin Circulating Supply is 19,196,312 BTC as of the time this post was published, and its current price is $20,427.
So, to find the bitcoin market cap I will go 19,196,312 x 20,427 which will give = 392,123,065,224.
Luckily, crypto price-tracking websites such as CoinMarketCap and CoinGecko list live market caps of all the cryptocurrencies so you don’t have to calculate them frequently by yourself.
I will show you how below.
How To Check Market Cap of Crypto On CoinMarketCap
Follow the steps below to check market cap of crypto on CoinMarketCap.
1. Go to CoinMarketCap.com
2. Market cap will be beside ‘Volume (24h)’.
You can also find the Market cap of crypto on CoinMarketCap by following the steps below;
1. Select the cryptocurrency you want (Bitcoin for example)
2. The Market cap will be on the right side of the page.
How To Check Market Cap of Crypto On CoinGecko
To find market cap of crypto on CoinGecko follow the steps below.
1. Go to CoinGecko.com
2. Then take a look at the right side of the page.
You can also find the Market cap of any crypto on CoinGecko by clicking on the coin, the same step you will follow on CoinMarketCap.
Top 10 Cryptocurrencies By Market Cap
These can change from time to time, but at the time this post was published, the coins below are the top ten (10) cryptocurrencies by market cap, making them among the best cryptocurrencies to buy.
- Bitcoin (BTC)
- Ethereum (Eth)
- Tether (USDT)
- BNB
- USD Coin (USDC)
- XRP
- Binance USD (BUSD)
- Dogecoin (DOGE)
- Cardano (ADA)
- Solana (SOL)
Conclusion
Crypto market cap is one of the best ways to find out how big a cryptocurrency is.
The total value, crypto trends, and stability, crypto market cap will help you to make informed investment decisions about crypto assets in real time.
[READ: Best Platforms To Buy and Sell Cryprocurrencies]
[READ: How To Get Crypto Price Alerts For Free]
IMPORTANT; you must never send money to anyone you meet online asking to help you invest in cryptocurrency. They are scammers. Crypto is easy, and you can do it all by yourself.
DISCLAIMER:
The information presented here should not be used as the sole basis of any investment decisions, nor should it be construed as financial, tax, legal, or accounting advice. I will also advise that you invest in cryptocurrency only what you are comfortable living without, at least temporarily.