Which Top 5 Coins Are Most Valuable in the Cryptocurrency Markets?
What is coinmarket and how is it calculated? Coinmarket is an online platform in which buyers and sellers can enter into transactions with fellow traders, all over the world. There is a fixed rate of exchange of money for each coin, depending on its value. Market value is determined by a set number of users who approve of a certain transaction. Coinmarket is a popular place for new traders to enter the field of investing in the Forex market.
How is market trading determined? Coinmarket calculates market cap by dividing the market value of all coins by the total number of users that have approved of that transaction. The equation is quite simple: Current price = (current price) * (total number of available coins} Once the equation is performed, you get the current market share market cap for each specific currency pair.
The first question that comes to mind when thinking about this number is why the total number of users makes up the market cap. The answer is quite simple – each particular currency has a certain amount of users that approve of that trade. The more users that approve, the higher the market cap of each currency pair will be. So, let’s take a look at some of the more popular crypt that have a large market cap. We are going to start with the top five.
The first one is Dash. It is one of the more interesting cryptos because it has a unique two different ways in which it gets its market caps computed. First, the value of each transaction that was made using Dash is also determined by the amount of total coins that have been put in circulation. The second way is a bit more complex but this involves taking the current price of each coin and dividing it by the total number of units that were ever created. This process produces a very high market cap number for Dash.
The second on our list of the most valuable cryptos is Monero. Like Dash, it uses a unique formula to determine its market cap. Unlike Dash however, it does not use the total number of units that have ever been issued. Instead, it uses an exponentially weighted average to give each transaction its worth. This feature enables Monero to have one of the lowest coinmarket caps of any of the top currencies in theCrypto Currency Markets.
The third on our list is Stellaris. It too uses an exponentially weighted average to determine its worth, but it also has a few unique features that set it apart from other currencies in the top five. First, unlike most of the other top cryptos, Stellaris uses a two key performance indicators, referred to as PRI and RSI. These are mathematically related to the performance of a particular digital currency. With this information, the Stellaris team was able to determine at what point certain trends began to emerge and when they peaked and began a decline.