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Author Topic: Why did this token have a market cap of $0 during the first 2 weeks of trading?  (Read 70 times)
markcolls
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January 23, 2019, 07:43:40 AM
 #1

Chart: https://i.imgur.com/RoelEzh.png

I am trying to understand this whole ICO thing. It confuses me that there was trading yet no market cap. Why?
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roptoshambrella
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January 23, 2019, 08:01:20 AM
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I think you already know that buy I will summarize market cap first.
Market cap is related with Token amount and Token Price so simply Market Cap = Token Amount x Token Price [(Market capitalization) = (Cost per share) x (Number of shares)]
For Lala token market cap is not 0 actually in first 2 weeks.
I think coinmarketcap website is giving a filter for marketcap of new tokens or coins when they are added. It can be a period or amount of volume.
You can see same thing in all recently added tokens and coins.
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January 23, 2019, 08:22:04 AM
Last edit: January 23, 2019, 08:32:12 AM by CryptopreneurBrainboss
 #3

Here's an advice,  don't depend on coinmarketcap for any accurate data.  The website is mess up beside most of their information are always on a scale of average. If you want the trading volume of a coin/token visit the exchange those coins are traded on although they could also have false trading volume/price as newly added coin/tokens are easier to manipulate.

I am trying to understand this whole ICO thing. It confuses me that there was trading yet no market cap. Why?

Also it could be they haven't updated their databases after listing token on their site since they need the circulating supply of token and the current price to determine the market capitalization and newly listed tokens always have wrong information due to manipulation from exchanges.
.

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|ROULETTE
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roptoshambrella
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January 23, 2019, 08:38:55 AM
 #4

Here's an advice,  don't depend on coinmarketcap for any accurate data.  The website is mess up beside most of their information are always on a scale of average. If you want the trading volume of a coin/token visit the exchange those coins are traded on although they could also have false trading volume/price as newly added coin/tokens are easier to manipulate.

I am trying to understand this whole ICO thing. It confuses me that there was trading yet no market cap. Why?

Also it could be they haven't updated their databases after listing token on their site since they need the circulating supply of token and the current price to determine the market capitalization and newly listed tokens always have wrong information due to manipulation from exchanges.
.


I am totally agree with you about first part of your message.
Especially ask and bid prices may differ so much according to trade volume. Also again if volume is too low price could be very old.
So it is crucial to  check the existing exchange ask and bid prices for the asset before trading.
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January 23, 2019, 09:06:54 AM
 #5

Chart:

I am trying to understand this whole ICO thing. It confuses me that there was trading yet no market cap. Why?
We know everywhere has some rules, so I think this is happening because of rules. Not only this coin but also I saw many coins like this happening before.

bitmover
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January 23, 2019, 09:15:01 AM
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 #6

Marketcap is not zero.
Everycoin, just after the release and exchange listing, has an "unknown" circulating supply.

As CMC calculates marketcap as Circulating supply x price, the market cap is set to zero until cmc recognizes a circulating supply.

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