Daniyal AnjumDec 30, 2021 · 3 years ago7 answers What role does market cap play in determining the success of a cryptocurrency?
In the world of cryptocurrencies, market cap is often used as a measure of a cryptocurrency's success. What exactly is market cap and how does it impact the success of a cryptocurrency? How is market cap calculated and what factors contribute to its growth or decline? How does market cap affect the price and liquidity of a cryptocurrency? Is market cap the sole determinant of a cryptocurrency's success or are there other factors to consider?