derivatives / leverage) which all influence price in their own way. The reasons for this are complex, but simply put cryptocurrencies are traded on different exchanges and across different markets with varying economic conditions, liquidity, trading pairs, and offerings (e.g. You may notice that cryptocurrencies listed on different exchanges have different prices. Why are Cryptocurrency Prices Different on Exchanges? For examples and more detailed information on how we track cryptocurrency prices and other metrics, see our methodology page here. The price is calculated using a global volume-weighted average price formula which is based on the pairings available on different exchanges of a particular crypto asset. How does CoinGecko Calculate Cryptocurrency Prices? As such, it is best to use this metric as a reference alongside other metrics such as trading volume, liquidity, fully diluted valuation, and fundamentals during your research process. Some cryptocurrency projects may appear to have inflated market cap through price swings and the tokenomics of their supply. While market cap is a simple and intuitive comparison metric, it is not a perfect point of comparison.
They typically consist of protocols that have demonstrated track records, and have a vibrant ecosystem of developers maintaining and enhancing the protocol, as well as building new projects on top of them. Large cap cryptocurrencies such as Bitcoin and Ethereum have a market cap of over $10 billion.
Small-cap cryptocurrencies (Mid-cap Cryptocurrencies ($1 billion - $10 billion).Large-cap cryptocurrencies (>$10 billion).
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