How do you think cryptocurrency climb up or down in rank?


#1

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…?


#2

They are based on price driven by

  1. their own merits (#coins/fundamentals/TA/mining/staking)
  2. perceptions of investors
  3. trading pairs (BTC, USD etc)
  4. countries/exchanges/liquidity/whales/miners

:slight_smile:


#3

I can’t wait to see Electroneum getting closer and closer to the top 10 :open_mouth:


#5

images


#6

Coins are ranked by market cap which is calculated by the circulating supply multiplied by the value of the coin.


#7

depending on coin performance as well…