What are crypto market caps?
Could you please elaborate on the concept of crypto market caps? How are they calculated, and what significance do they hold in the cryptocurrency world? I'm particularly interested in understanding how market caps are used to evaluate the size, health, and potential of various cryptocurrencies. Also, how do market caps differ from other measures of cryptocurrency value, such as trading volume or price? Thank you for your insights.
Why do investors use crypto market caps?
Could you explain the rationale behind investors' reliance on cryptocurrency market caps? What specific information or insights do they hope to gain by examining these metrics? Are there any potential limitations or biases that they should be aware of when using market caps as a basis for their investment decisions? How do market caps differ from other methods of assessing the value or potential of a cryptocurrency?