Best Cryptocurrencies to Invest in 2020
Cryptocurrency is commonly referred to as a digital currency that belongs to blockchain technology. The phrase crypto in cryptocurrency denotes the advanced features of cryptography. Cryptography ensures the security of online transactions through absolute encryption methods and will able to create tokens or coins for taking the blockchain industry one step further. Even though cryptocurrency got it’s mass acceptance, its purely because of the wide demand for bitcoin. Now there are many coins available out in the market. But all the crypto-currencies share a common ideology that is to maintain a high-security protocol as well as decentralized network topology which keeps the movement of the coins.
There is nothing called best cryptocurrency, all the available cryptocurrency are tightly based on the demand of the bitcoin. The main factors affecting the fluctuation in the price of other coins are based on the supply and demand of bitcoin.
When it comes to market, there is a lot of crypto-currencies are available rather than bitcoin. The market gets up and down based on certain factors. Most of the individual cryptocurrencies own their own blockchain, they run their coin to fuel their own blockchain. The market capital and price is purely based on wide acceptance. If the number of people whos are using certain crypto is high, then definitely its price will go up like a rocket ship
According to coin market capital, more than the price, actually market capital matters. all the crypto exchanges out there are ranked cryptocurrencies based on their market capitalization.
Market Capital:
The market capital is the product of price and the circulating supply of a cryptocurrency
Market capital = Price * Circulating Supply
And the price and circulating supply is purely base don demand and supply of the particular coin.
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