Cryptocurrency Q&A
What is the market cap of Catcoin (CAT)? Market capitalization of Catcoin (CAT) is BTC409.1057 and is ranked #936 on CoinGecko today.What is catcoin (cat)?
What is the market cap of Catcoin (CAT)? Market capitalization of Catcoin (CAT) is BTC409.1057 and is ranked #936 on CoinGecko today.What is catcoin (cat)?
Bianca
Fri Jun 21 2024
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6 answers
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Excuse me, could you elaborate on the market capitalization of Catcoin (CAT)? I've heard that it's currently standing at BTC409.1057, and it's ranked #936 on CoinGecko. But I'm curious, what exactly is Catcoin? What makes it unique or stand out among the vast array of cryptocurrencies in the market? Is there a specific use case or technology behind Catcoin that drives its value?
6 answers
CharmedClouds
Sun Jun 23 2024
Similar to outstanding shares in the stock market, the circulating supply represents the portion of the total supply that is actively trading and available for investors to buy or sell.
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Sara
Sun Jun 23 2024
The current circulating supply of coins refers to the total number of coins that have been created and are currently in circulation, excluding any coins that have been permanently removed from circulation.
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Riccardo
Sun Jun 23 2024
The removal of coins, often referred to as "burning," represents a reduction in the overall supply. This process is typically carried out by the coin's issuing authority or through certain mechanisms within the coin's protocol.
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EchoChaser
Sun Jun 23 2024
The circulating supply is an important metric for evaluating the scarcity and potential value of a cryptocurrency. A lower circulating supply, relative to the total supply, suggests greater scarcity and potential for appreciation.
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SumoPower
Sat Jun 22 2024
Understanding the circulating supply is crucial for investors as it helps them assess the potential impact of future supply changes on the coin's value. A sudden increase in the circulating supply could dilute the value of existing coins.
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