Cryptocurrencies are dynamic assets, and their prices, market capitalizations, volumes, and supplies fluctuate constantly, offering a snapshot of market sentiment and activity. This data helps investors track the performance of different coins and make informed decisions. Below is a detailed breakdown of how to interpret key metrics in a cryptocurrency table:
| # | Name | Price | Changes 24h | Market CAP | Volume | Supply |
|---|
Name: Each cryptocurrency has a unique identifier, such as Bitcoin (BTC), Ethereum (ETH), or newer projects like Shiba Inu (SHIB). The name identifies the asset being traded.
Price: This represents the current value of a single coin in USD or another fiat currency. Cryptocurrency prices are highly volatile, and factors such as market demand, network activity, and broader financial trends influence them. For instance, Bitcoin may have a price of $27,000, while newer altcoins could be priced at fractions of a dollar.
24h Changes: This metric shows the percentage change in a coin’s price over the last 24 hours. A positive percentage (+5%) indicates price growth, while a negative percentage (-3%) signifies a drop. This data helps traders understand short-term volatility and momentum.
Market Capitalization (Market Cap): The market cap is the total value of all coins in circulation, calculated by multiplying the current price by the total supply of coins. For example, a coin priced at $50 with 1 million coins in circulation will have a market cap of $50 million. Coins with high market caps are often considered more stable but less likely to experience rapid price increases compared to those with smaller caps.
Volume (24h): This figure represents the total value of coins traded in the last 24 hours. High trading volumes suggest a high level of activity and liquidity for the asset, which can make it easier to buy or sell at favorable prices.
Supply: The supply indicates the total number of coins that are currently in circulation. Some coins have a fixed supply (like Bitcoin’s 21 million), while others have flexible or inflationary supplies, depending on the protocol governing them. Understanding a coin’s supply can give insights into its scarcity and long-term price potential.
This table format provides all the key data investors need to assess the cryptocurrency market and identify trends, helping them navigate the ever-changing digital asset landscape. With regular updates, it becomes a powerful tool for both novice and seasoned traders alike.