Hi guys, I’m just curious what do you think are the basis of the top currencies? I mean how do ranks go up or down? I first thought because of the price but when checking it on coinmarketcap the ranks are not certainly base on their prices…?
They are based on price driven by
- their own merits (#coins/fundamentals/TA/mining/staking)
- perceptions of investors
- trading pairs (BTC, USD etc)
I can’t wait to see Electroneum getting closer and closer to the top 10
Coins are ranked by market cap which is calculated by the circulating supply multiplied by the value of the coin.
depending on coin performance as well…