RATE Group | What Is It? How Do You Use It?
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What Is It? How Do You Use It?

02 Aug What Is It? How Do You Use It?

Posted at 14:53h in Cryptocurrency News by

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An Intro to Cryptocurrency Market Capitalization 

Cryptocurrency market capitalization constitutes a mathematical technique for determining the value of a cryptocurrency. While some people think price represents value, reality says otherwise. For example, a particular ham sandwich tastes no better when you spend $30.00 on it rather than $10.00. In fact, the added cost for no added value might well give you a stomach ache.

Prices fluctuate for a variety of reasons. Favorable or unfavorable news stories create price jumps. Government actions play a part. And, exchanges sometimes create dramatic effects in price.

Investor psychology also plays a role in short-term price variations. Bitcoin benefited from something known as the Thanksgiving Effect in 2017. People go home, enjoy a good meal, feel optimistic,  talk to their friends and relatives about their investments, then invest their own money accordingly. Bitcoin enjoyed a good ride prior to the holiday and enjoyed continued success…

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