Within the blockchain industry, the term market capitalization (or market cap) refers to a metric that measures the relative size of a cryptocurrency. It is calculated by multiplying the current market price of a particular coin or token with the total number of coins in circulation.
If the market value of the crypto increases, then market capitalization also increases; this is because the market cap is nothing but the value of the total outstanding shares of a company. Companies can increase the market cap by introducing new shares.
Now let look into the mathematical part on how to Predict a Particular Crypto Trading Price, I’m not talking about Reading candle sticks, What we mean here is that, we’ll explain to you, how to know when a crypto price would hit your Prediction.
In this view, Bnb Circulating supply Currently is at 153,432,897
And it Trading Price is $583.71
Now Multiply 153,432,897 x 583.71 – which would give you the Current Market Cap $89B
Now If we do the same to with Etherum that would give us Etherum Current Market Cap..
So For Binance Coin to Hit $1,000 it Market cap has to Hit $153.4B 😃
You can easily do this strategies on any Token, When your on DYOR (DO YOUR OWN RESEARCH), This is the first thing You should Do
As a Trader stop looking at A Trading Price and Oh If this coin hits $1 or N1 you’ll make over 1Billion or 1Million..
The Techniques … Price x Circulating Supply = Market Cap
Make sure that is your First Research on any Token before you think on Long term, or else you’ll Live with Big Loss.
Hope you enjoy the Rest of Today, Thanks for reading do well to share for Educational Reasons