A Discussion on SmashCash Market Cap!
Asour team takes the major steps towards SmashCash IDO, we have received several queries regarding the token price. We thought it would be good to address those via this article. Let’s first understand what is Market Capitalization An article in CoinBase refers to Market capitalization (or market cap) as the total dollar value of all the shares of a company’s stock — in the case of a cryptocurrency, of all the coins/tokens that have been mined. In crypto, market cap is calculated by multiplying the total number of coins that have been mined by the price of a single coin at any given time. Why should market Cap bother you? You must be aware of market cap when you have to compare two investments. To examine the market cap of an investment, let us take a look at the Uniswap (UNI) which is a popular on DeFi space: From the above image, we can see that Uniswap has a market cap of $11,390,911,676 (11.3 billion dollars). This is calculated by multiplying the...