Market Cap or Market capitalization is very vital in the world of digital finance.
This measures the total worth of a company based on the stock market. This is now widely used in the crypto market. This gives importance to cryptocurrencies.
The use of cryptocurrencies is gaining popularity. Many investors and traders around the world are shifting to the use of digital coins. They invest in it since they want to avoid assets prone to inflation. An example of this is the traditional currency.
Cryptocurrency Explained | What is Cryptocurrency?
Examples of Cryptocurrencies are:
Bitcoin:
It’s a kind of digital currency that is not mandated by a primary authority like the government or banks. Created as a payment method that would be free from any government supervision. In this digital age, it is widely used as a form of investment rather than as a currency.
Bitcoin is now used as a form of investment. Its characteristics resemble commodities rather than conventional currencies.
Etherium
It’s digital software that allows users to create decentralized applications. These can include security programs, methods of online payment, and even voting systems.
