What does it mean when Coinbase displays 99% next to my Ethereum dashboard?
Cait Lorenzo-MahonDec 27, 2021 · 3 years ago3 answers
Can you explain the significance of Coinbase displaying 99% next to my Ethereum dashboard?
3 answers
- Dec 27, 2021 · 3 years agoWhen Coinbase displays 99% next to your Ethereum dashboard, it means that your Ethereum holdings on Coinbase make up 99% of your total cryptocurrency portfolio on the platform. This percentage is calculated based on the value of your Ethereum holdings compared to the value of all your other cryptocurrencies combined. It's a way for Coinbase to show you the relative weight of Ethereum in your portfolio.
- Dec 27, 2021 · 3 years agoSeeing 99% next to your Ethereum dashboard on Coinbase simply indicates that Ethereum is the dominant cryptocurrency in your portfolio on the platform. It doesn't necessarily mean that Ethereum is performing better than other cryptocurrencies or that you should make any immediate changes to your holdings. It's just a visual representation of the proportion of Ethereum in your overall portfolio.
- Dec 27, 2021 · 3 years agoWhen Coinbase displays 99% next to your Ethereum dashboard, it's a clear indication that Ethereum is the primary cryptocurrency in your portfolio. This could be because you have a significant amount of Ethereum holdings or because the value of Ethereum has increased compared to your other cryptocurrencies. It's important to regularly monitor your portfolio and make informed decisions based on your investment goals and market conditions.
Related Tags
Hot Questions
- 94
What are the advantages of using cryptocurrency for online transactions?
- 90
What are the best practices for reporting cryptocurrency on my taxes?
- 78
How does cryptocurrency affect my tax return?
- 64
What are the tax implications of using cryptocurrency?
- 59
What is the future of blockchain technology?
- 52
Are there any special tax rules for crypto investors?
- 36
How can I protect my digital assets from hackers?
- 33
How can I buy Bitcoin with a credit card?