Title: Coinmarketcap
1CoinMarketCapCryptocurrency Rankings and Live
Market Data
- https//coinnmarketcaps.com/
2About CoinMarketCap
- CoinMarketCap stands out as the leading
price-tracking platform worldwide within the
rapidly expanding realm of cryptocurrencies. Its
core mission revolves around fostering global
accessibility to crypto by equipping individual
users with impartial, top-tier, and precise data,
empowering them to form well-informed judgments. - Brandon Chez founded CoinMarketCap in May 2013,
and since then, it has swiftly emerged as the
go-to source for thousands of crypto comparisons,
earning trust from users, institutions, and media
outlets like CNBC, Bloomberg, and even
governmental bodies within the U.S., who rely on
its data for their research and reports. - Binance Capital Mgmt acquired CoinMarketCap in
April 2020. Binance, renowned as the force behind
the world's largest digital asset exchange
concerning trading volume and user base, shares a
common goal of making crypto accessible and
impactful globally. - This acquisition paves the way for CoinMarketCap
to harness the vast resources of its parent
company, delving deeper into project data,
bridging information gaps within the crypto
industry, and delivering superior-quality data to
its vast user base, numbering in the hundreds of
millions. - CoinMarketCap remains committed to delivering
precise, timely, and impartial information.
Despite its acquisition by Binance, it continues
to function independently, ensuring transparency
and maintaining its dedication to accuracy. More
details regarding its operations are outlined in
our disclosure policy.
3Cryptocurrency Rankings Market Cap
Bitcoin Dominance - Bitcoin (BTC) historically
holds the top spot in market capitalization among
cryptocurrencies. It's considered the pioneer and
often sets the tone for the entire crypto
market. Ethereum's Position- Ethereum (ETH)
consistently follows Bitcoin in market cap
rankings. Its smart contract capabilities and
extensive use in decentralized finance (DeFi)
contribute to its high standing. Altcoins and
Their Variability- Other cryptocurrencies like
Binance Coin (BNB), Solana (SOL), Cardano (ADA),
XRP, Polkadot (DOT), Dogecoin (DOGE), and
Avalanche (AVAX) often occupy top positions in
market cap rankings. However, their standings can
fluctuate due to market shifts, technological
updates, and investor sentiments. Market
Dynamics- The market cap of a cryptocurrency is
calculated by multiplying its circulating supply
by its current market price. Hence, fluctuations
in price and circulating supply greatly impact a
cryptocurrency's market cap and subsequent
ranking.
4Top Cryptocurrency Spot Exchanges
CoinMarketCap ranks and scores exchanges based on
traffic, liquidity, trading volumes, and
confidence in the legitimacy of trading volumes
reported.
5https//coinnmarketcaps.com/