Tek Eye Logo

Tek Eye

Cryptocurrency Market Cap

Despite all the doom-mongers, cryptocurrency is a huge business and here to stay. However, because a cryptocurrency is created by software, it is relatively easy to make a new one, or, more likely, a new version of an existing one. There are hundreds of cryptocurrencies in existence, well over 1500, but most will wither away and die (as others have). It is currently like the old Wild West, where only the strong will survive the current gold rush.


What is Cryptocurrency Market Cap?

So, what is cryptocurrency market cap? One measure of the strength of a cryptocurrency is the total value of all the digital coins (a.k.a. tokens or units) in the cryptocurrency marketplace (the Internet). The buyers, sellers and users of this digital money determine its value, when comparing that value to the money normally used in a country (fiat currency). That value is determined by how many people are doing the buying, selling, holding (a.k.a. hodling) and using of the cryptocurrency, i.e. trading. The more people trading in a cryptocurrency the more likely it is to rise in value. The total value of all the coins of a cryptocurrency is known as its capitalization (capitalisation), or simply market cap.

Cryptocurrency Market Cap Calculation

The market cap is easy to calculate. Take the current value of a digital coin, and multiple it by the number of coins circulating. For example, if 18.5 million Bitcoins are in circulation, and each coin is worth $16000, then market capitalisation is 18.5m X $16000 = $297000 million ($297 billion).

A List of Websites Providing Cryptocurrency Market Cap Data

There are websites that display the market cap of cryptocurrencies. Some data providers have a web page listing cryptocurrencies and their market cap. See the following examples of cryptocurrency market cap listings. Note that the Alexa website ranking was at the time of the update of this article (see the date at the article end). Some pages use data supplied by other sites, for example Yahoo! Finance uses CoinMarketCap's data:

Website Alexa Ranking
Yahoo! Finance 11
CoinMarketCap 662
Barchart 3087
Bitcoin.com Markets 7746
CyptoCompare 12792
Live Coin Watch 14281
Nomics 37612
coincap by ShapeShift 62516
Blockonomi 70852
Brave New Coin 72061
OnChainFX by Messari 171869

If you want to add your market cap data page to this list, get in contact, dan@tekeye.uk.

See Also

Note: External sites have no relationship with Tek Eye and may contain referral links.

Author:  Published:  Updated:  

ShareSubmit to TwitterSubmit to FacebookSubmit to LinkedInSubmit to redditPrint Page

Do you have a question or comment about this article?

(Alternatively, use the email address at the bottom of the web page.)

 This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

markdown CMS Small Logo Icon ↓markdown↓ CMS is fast and simple. Build websites quickly and publish easily. For beginner to expert.

Articles on:

Android Programming and Android Practice Projects, HTML, VPS, Computing, IT, Computer History, ↓markdown↓ CMS, C# Programming, Using Windows for Programming

Free Android Projects and Samples:

Android Examples, Android List Examples, Android UI Examples

Tek Eye Published Projects