How does the market cap of the Nasdaq 100 compare to the market cap of the top cryptocurrencies?

5 answers

• Dec 25, 2021 · 3 years ago
  The market cap of the Nasdaq 100 is a measure of the total value of the top 100 non-financial companies listed on the Nasdaq stock exchange. It is calculated by multiplying the current price of each company's shares by the number of outstanding shares. On the other hand, the market cap of cryptocurrencies is calculated by multiplying the current price of each coin by the total number of coins in circulation. While the Nasdaq 100 represents established companies with proven track records, the top cryptocurrencies, such as Bitcoin and Ethereum, are decentralized digital assets. Therefore, comparing their market caps is like comparing apples to oranges.
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• Dec 25, 2021 · 3 years ago
  When it comes to market capitalization, the Nasdaq 100 and the top cryptocurrencies are in completely different leagues. The Nasdaq 100 represents some of the largest and most valuable companies in the world, with market caps in the hundreds of billions or even trillions of dollars. On the other hand, the market caps of the top cryptocurrencies, while still significant, are relatively smaller. Bitcoin, the largest cryptocurrency by market cap, has a market cap of over $1 trillion, which is impressive, but still a fraction of the market cap of companies like Apple or Amazon.
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• Dec 25, 2021 · 3 years ago
  The market cap of the Nasdaq 100 is significantly higher than the market cap of the top cryptocurrencies. As of now, the Nasdaq 100 has a total market cap of over $15 trillion, while the combined market cap of the top cryptocurrencies is around $2 trillion. This shows the dominance of traditional financial markets compared to the relatively new and volatile world of cryptocurrencies. However, it's worth noting that the market cap of cryptocurrencies has been growing rapidly in recent years, and they have gained significant attention and adoption from investors and institutions.
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• Dec 25, 2021 · 3 years ago
  In terms of market cap, the Nasdaq 100 and the top cryptocurrencies are two different beasts. The Nasdaq 100 represents established companies with tangible assets and revenues, while cryptocurrencies are purely digital assets. The market cap of the Nasdaq 100 is driven by factors such as company performance, earnings, and investor sentiment, whereas the market cap of cryptocurrencies is influenced by factors like demand, supply, and market speculation. It's important to understand the fundamental differences between these two asset classes when comparing their market caps.
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• Dec 25, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi is not directly involved in the market cap comparison between the Nasdaq 100 and the top cryptocurrencies. However, it's interesting to note that the market cap of the Nasdaq 100 is significantly higher than the market cap of the top cryptocurrencies. This is mainly due to the fact that the Nasdaq 100 represents established companies with long-standing track records and substantial market presence. Nonetheless, cryptocurrencies have been gaining traction and attracting a lot of attention in recent years, and their market caps have been growing steadily as well.
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