Nice post, i follow :)
Can you tell more about the coin market cap and the coin supply in relation to the price potential of some coins? I love dmd, nmr and zen becous of this and would like to hear other opinions.
Nice post, i follow :)
Can you tell more about the coin market cap and the coin supply in relation to the price potential of some coins? I love dmd, nmr and zen becous of this and would like to hear other opinions.
Thanks - So with the coin Marketcaps it's important to view them in terms of percentages of the total Marketcap.... for example if you have just taken a position on BTC and the coin MC is 40bil with a total MC of 100bil (so BTC has a 40% hold on the market ).. and your coin drops in value. If the total MC drops to 97bil but your coin is still retaining 40% hold over the market .. it is still in a very strong position .. but on the flip side if that 3bil didn't leave the total MC but instead moved to another competitive coin such as ETH . That would be a red flag to exit your trade. Hope that helps, it's difficult enough to explain.
Sure thanks :)