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)
- countries/exchanges/liquidity/whales/miners
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I can’t wait to see Electroneum getting closer and closer to the top 10
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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…