Frequently Asked Questions (FAQ)
Frequently Asked Questions (FAQ)
What is "Market Capitalization" and how is it calculated?
Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the Price by the Circulating Supply.Market Cap = Price X Circulating Supply.
How are the prices calculated for the various cryptocurrencies?
Price is calculated by taking the volume weighted average of all prices reported at each market. Sources for the prices can be found on the markets section on each cryptocurrency page. For example, Bitcoin's markets.
What is the difference between "Circulating Supply", "Total Supply", and "Max Supply"?
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
Why is the Circulating Supply used in determining the market capitalization instead of Total Supply?
We've found that Circulating Supply is a much better metric for determining the market capitalization. Coins that are locked, reserved, or not able to be sold on the public market are coins that can't affect the price and thus should not be allowed to affect the market capitalization as well. The method of using the Circulating Supply is analogous to the method of using public float for determining the market capitalization of companies in traditional investing.
What is the difference between a "Coin" and a "Token" on the site?
A Coin is a cryptocurrency that can operate independently.A Token is a cryptocurrency that depends on another cryptocurrency as a platform to operate. Check out the crypto tokens listings to view a list of tokens and their respective platforms.
Why are markets with no fees excluded from the price average and total trading volume?
When no fees are being charged at the exchange, it is possible for a trader (or bot) to trade back and forth with themselves and generate a lot of "fake" volume without penalty. It's impossible to determine how much of the volume is fake so we exclude it entirely from the calculations.
How do I purchase cryptocurrency?
CoinMarketSum reports on the trading activities of thousands of markets but does not directly sell any cryptocurrency. The best way to find where to buy is by looking on the markets section for the cryptocurrency. For example, to find where to buy Bitcoin, you can look at the markets section for Bitcoin.
In what time zone is the site based?
Data is collected, recorded, and reported in UTC time unless otherwise specified.
At what time is the 24 hour % change based?
It's based on the current time. It's a rolling 24 hour period.
Why are you listing [insert random cryptocurrency]? It's clearly a scam!
Nearly every cryptocurrency has been called a scam at some point in its lifetime. We're not here to judge the merits of any cryptocurrency, but we provide the best tools for you to make your own conclusions.
Am I allowed to use content (screenshots, data, graphs, etc.) for one of my personal projects and/or commercial use?
You may use the content for academic or journalistic use provided that you cite coinmarketsum.com as a source. Please refer to the Terms of Use for the website.