Section 02

Markets

Read a price page with confidence: market cap, supply, volume, liquidity and why crypto moves so much.

1. 1Market cap, explainedMarket cap is price times circulating supply. It's the standard way to compare the size of cryptocurrencies, but it doesn't mean that much money could actually be cashed out.Beginner4 min read
2. 2Circulating, total and max supplyCirculating supply is what's in the market today, max supply is the limit, if there is one, and fully diluted valuation shows what the project would be worth if every token existed.Intermediate4 min read
3. 3Volatility, volume and liquidityCrypto prices move a lot because markets are young, trade 24/7 and often use leverage. Liquidity determines how easily you can trade without moving the price.Beginner5 min read

Next section: How Blockchains Work