Regarding market capitalization, i’ve noticed a lot of members here misappropriate how market capitalization information should be used when making buying decisions. It shouldnt be a factor at all in buying decisions. Market capitalization isn’t a driver of value it’s a measure of size of the market for a coin/token. Don’t use this metric to decide which token to buy and when.
Market Cap is an indicator of how much the coin as a whole is worth. If the market cap of Apple is 500B and the market cap of Bitcoin is 250B it gives you an estimation of how much the whole Bitcoin is worth in comparison to an existing company or other companies in the market.
Any of you recommendations of good sites that shows Bitcoin and other cryptocurrencies market cap and financial data? I use coinmarketcap but im not sure the data is accurate there.
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