What are the main factors that influence the rankings and ratings of cryptocurrencies on CoinMarketCap?

1 answers

• MrunalJan 30, 2022 · 4 years ago
  When it comes to the rankings and ratings of cryptocurrencies on CoinMarketCap, there are several factors that come into play. Market capitalization is a key factor, as it represents the total value of a cryptocurrency's circulating supply. Cryptocurrencies with higher market capitalization tend to rank higher on CoinMarketCap. Another important factor is trading volume, which indicates the level of activity and liquidity of a cryptocurrency. Higher trading volume often leads to a higher ranking. Additionally, factors like price, price volatility, community engagement, development activity, and partnerships can also influence the rankings and ratings. CoinMarketCap takes all of these factors into consideration when determining the position and rating of cryptocurrencies on their platform.
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