list of coins on coinbase by market cap,List of Coins on Coinbase by Market Cap
List of Coins on Coinbase by Market Cap
When it comes to cryptocurrency exchanges, Coinbase stands out as one of the most popular platforms for both beginners and seasoned investors. With a vast selection of digital assets available, it’s essential to understand the market capitalization of each coin to make informed decisions. In this article, we will delve into the list of coins on Coinbase by market cap, providing you with a comprehensive overview of the top cryptocurrencies available on the platform.
Top 10 Coins by Market Cap on Coinbase
Here’s a breakdown of the top 10 coins by market cap on Coinbase, as of the latest available data:
| Coin | Symbol | Market Cap |
|---|---|---|
| Bitcoin | BTC | $1,000,000,000,000 |
| Ethereum | ETH | $200,000,000,000 |
| Binance Coin | BNB | $50,000,000,000 |
| Cardano | ADA | $30,000,000,000 |
| XRP | XRP | $20,000,000,000 |
| Polkadot | DOT | $15,000,000,000 |
| Litecoin | LTC | $10,000,000,000 |
| Chainlink | LINK | $10,000,000,000 |
| Uniswap | UNI | $10,000,000,000 |
As you can see, Bitcoin and Ethereum dominate the market cap rankings, with Binance Coin, Cardano, XRP, Polkadot, Litecoin, Chainlink, and Uniswap rounding out the top 10.
Understanding Market Cap
Market capitalization, often referred to as market cap, is a measure of the total value of a cryptocurrency’s circulating supply. It is calculated by multiplying the current price of the coin by the number of coins in circulation. Market cap is an essential metric for investors as it provides insight into the size and potential of a cryptocurrency.
For example, Bitcoin’s market cap of $1,000,000,000,000 indicates that it is the largest cryptocurrency by market value. This makes Bitcoin a highly sought-after asset, as it is often considered a safe haven in times of market volatility.
Factors Influencing Market Cap
Several factors can influence the market cap of a cryptocurrency:
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Supply and demand: The more demand for a coin, the higher its price and market cap will be.
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Market sentiment: Positive news or developments can lead to increased demand and a rise in market cap, while negative news can have the opposite effect.
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Technological advancements: Innovations in a cryptocurrency’s technology can boost its market cap.
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Regulatory news: Changes in regulations can impact the market cap of a cryptocurrency.
Investing in Cryptocurrencies on Coinbase
Now that you have a better understanding of the top coins by market cap on Coinbase, you may be wondering how to invest in these assets. Here’s a step-by-step guide to help you get started:
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Sign up for a Coinbase account: Visit Coinbase’s website and create an account by providing your email, phone number, and personal information.
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Verify your identity: To comply with regulatory requirements, you’ll need to verify your identity by providing government-issued identification documents.
