Rank is the relative position a cryptocurrency occupies in the market. A cryptocurrency with rank 10 accordingly has the 10th highest market capitalization of all the cryptocurrency’s in the world.
Examples of coins the battle for hire positions include BTC, ETH, Tether (USDT), XRP, Solana (SOL), Cardano (ADA) and PolkaDot (DOT). Usually, the rank of a digital currency is evaluated by its market capitalization.
But what is market capitalization?
The market capitalization, or “market cap” Is a widely used method to measure the value of a cryptocurrency and is calculated by multiplying the price by the circulating supply of the coin
What other terms from the crypto world are you curious about? Let me know in the comments.
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