How does Nike's market cap compare to other cryptocurrency companies?

3 answers

• Dec 29, 2021 · 3 years ago
  Nike, as a traditional sportswear company, does not have a market cap in the cryptocurrency industry. Cryptocurrency companies like Bitcoin, Ethereum, and Ripple are purely digital assets and their market caps are determined by the total value of their circulating supply. Nike's market cap is based on its stock price and the number of outstanding shares, which is a completely different metric.
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• Dec 29, 2021 · 3 years ago
  Comparing Nike's market cap to cryptocurrency companies is like comparing apples to oranges. Nike operates in the traditional retail industry, while cryptocurrency companies operate in the digital asset space. Market cap is not a relevant metric to compare the two.
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• Dec 29, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can confidently say that Nike's market cap is not comparable to that of cryptocurrency companies. Nike is a well-established sportswear company with a market cap based on its stock performance, while cryptocurrency companies have market caps based on the value of their digital assets. It's like comparing the market cap of a car manufacturer to that of a software company.
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