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How to Determine a CRYPTO Coin’s VALUE using MARKET CAP
How do we find cryptocurrency valuations and the value of each crypto coin? We use three components: price, market cap and circulating supply. Knowing about these crypto concepts will help you find the value of a cryptocurrency coin and consider how a crypto token or project might grow to greater value in the future.
In this video, you’ll learn about crypto market cap and circulating supply in order to determine the price of a crypto asset. We’ll compare cryptocurrency projects Cardano (ADA) and Bitcoin to companies like Toyota, Home Depot, Facebook and Google to see how growth happens across time. Then, we’ll discuss the utility of these cryptocurrency coins to explain why some of these inexpensive options might end up with market caps that rival some of the largest and most valuable companies of today. This will explain how the Cardano and Bitcoin prices might scale in the future as blockchain adoption occurs.
Remember, this video is not financial advice. Blockchain is a new frontier, and our content is meant to be educational, introducing you to new concepts. You should always do your own due diligence and research, be responsible for your own decisions and keep a solid eye on your assets.
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CRYPTOFLUENCY Website:
AUGUST CHALLENGE: Join Now: https://www.cryptofluency.com/op/august-challenge-23/
Blockchain Blueprint Giveaway Course with Derek: https://cryptofluency.com/op/blockchain-blueprint
No commitment. No credit card sign-up. Nothing to lose. This course is 100% FREE. Over three hours of content.
Fast Track Members Group: https://cryptofluency.com/sp/fast-track/
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MENTIONED LINK:
Rogue Waves Video: https://rumble.com/v30fjs8-ride-the-crypto-wave-for-the-opportunity-of-a-lifetime-secret-percentage-in.html
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CHAPTERS:
00:00 What three components are needed to calculate coin value?
01:54 What is Crypto Market Cap?
03:46 What is Circulating Supply?
05:16 Why is Circulating Supply important?
08:35 What would make Cardano as valuable as Toyota, Home Depot, Facebook or Google?
13:59 What is the utility of cryptocurrency?
16:55 How will the Cardano price scale?
20:55 How to calculate Circulating Supply?
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