Why market cap is more important than price


Originally published at: https://wirexapp.com/market-cap-important-price/

The dollar price of Bitcoin and other cryptocurrencies gets a lot of attention and scrutiny. But surprisingly, the price of a digital currency isn’t the best way to assess its value – the market cap is far more important. Here’s why you should focus on that. What does market cap mean? In its regular usage, market capitalisation is the combined value of all of the available shares of a publicly traded company. We calculate this by multiplying the…