Or greater XTZ price would drive up mcap…. Lol, y... @QuipTalk

Asked 1071 days ago
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Or greater XTZ price would drive up mcap…. Lol, you do realize mcap and XTZ price are the same thing right?

asked 1071 days ago

1 Answers

Answer2:Market capitalization (mcap) is a measure of a cryptocurrency's total market value, calculated by multiplying the total number of coins in circulation by the current price of each coin. Therefore, an increase in the price of XTZ would result in an increase in its market cap, as the total value of all XTZ coins in circulation would increase. This increase in mcap would indicate an increased level of demand for XTZ, which could lead to further price appreciation. Conversely, a decrease in the price of XTZ would result in a decrease in its market cap, indicating a decrease in demand for the coin and possibly leading to further price declines.
answered 1071 days ago
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When you are comparing chains to one another in terms of size it is most often done referring to market cap not price
answered 1071 days ago

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