The term ‘market capitalization’ is a term that has been around for countless decades. It dates all the way back to the birth of the stock market. As one can see, cryptocurrency unique and stands out; so it’s only fitting that market cap in the crypto world takes a new wrinkle. Market cap here refers to the circulating supply of tokens multiplied by the current price. In perspective, the total market cap value of all the cryptocurrencies is currently over $420 billion USD. While this number is impressive, cryptocurrency is still very much in its infancy phase compared to the likes of the stock market which boasts a robust $69 trillion market cap. It is no comparison for the time being, but it goes to show how much the cryptocurrency market can grow. Imaginations begin to run wild just at the thought of the total market cap in 5 years to 10 years.
What the market cap doesn’t tell you
The market cap, while very helpful, does not reflect all the variables when it comes to the full evaluation of the coin. While the market cap does highlight the amount of investment in a coin, it does not necessarily accurately reflect the coin. For example, Bitcoin is the alpha when it comes to the market cap, yet there’s more that meets the eye. People would rather invest in coins that either have: real technology, ecosystem, utility coin etc. Though Bitcoin is superior in terms of size and popularity, coins like Ethereum are getting all the attention from the lucrative corporations of the world. Why is that one may ask? It’s largely because cryptocurrency is in its infancy and new to the world and most people just know about Bitcoin. So, just because a coin has a large market cap, it is very important to do homework on the coin’s fundamentals.
Future market cap
This is the time to embark on the journey to the moon because the market cap is only going to continue to skyrocket to new heights. While the mainstream media predicts that cryptocurrency will see a significant drop-off, the people in the crypto community envision a very bullish marketplace.
Cryptocurrency is a global phenomenon and for the most part, isn’t widely adopted in the United States. Give the U.S. time to adopt cryptocurrency and make it the norm, and it will be evident to conclude that the market cap will travel to new heights. Billionaire trader and cryptocurrency enthusiast, Mike Novogratz, believes that the total market cap will reach $2 trillion by the end of 2018. While that number might be a bit high, the point of the issue remains constant: cryptocurrency market cap will continue to grow as it becomes widely adopted by even more major markets. Right now, the surface of cryptocurrency hasn’t even been scratched. Give it time, be patient and sit back and enjoy the ride.
Snovio & market cap
Snovio currently sits steady around the $20 million dollar market cap with over 405 million circulating supply of SNOV and a price right now around 5 cents. While things have gotten rocky, as they do for every crypto community, Snovio has calmed the storm and things couldn’t look brighter.
Why the Snovio market cap will rise
There is many different reasons and variables to consider when evaluating whether or not a coin or token market cap will rise. A few variables that go hand-in-hand with this are mass adoption, amazing team, real usage and strong community.
Mass Adoption
Less than 1% of world population is invested in cryptocurrency. Of that sub 1% cryptocurrency world population investment, there is a market cap of over $420 billion. Once mass adoption hits the market, the floodgates will be open and market cap will be soaring to new heights. It is not only reasonable to predict a rise at a steady pace throughout the next 5-10 years and beyond. Doing so will help a token like a Snovio who has their feet firmly planted in the crypto ground. Many people will flock to the token due to the mass adoption approach among other variables that will be discussed shortly.
Amazing Team
This is a widely overlooked aspect when evaluating various coins, but this will remain prominent for years to come. Snovio has established a great team from top to bottom. People want to invest and support a token that has an established team that has high aspirations. Snovio has the complete support of its community and investors alike. Even with the volatile waves, the crypto oceans can bring, the team has weathered it and continued to reap the praise from its community. They are constantly adding updates, adding new developments, painting a clear picture for their investors and constantly interact with their community. Not only do they go above and beyond their duties to the token, they serve a greater purpose in making the world a better and more efficient place. That is a key ingredient to its massive success.
Real Usage
Snovio is a utility token and has the potential to help countless individuals and businesses worldwide. Marketing strategy implementation is widely focused on lead generation tactics. Every company, business, and individual needs the service that Snovio provides. The ability to get high quality leads in an efficient manner, know how much data was purchased, real-time updates and perks for both contributors and clients is just a few of the many unique features Snovio provides. Snovio solves a real problem in a particularly large niche and its abilities are only growing exponentially. Snovio is here to stay and will help change the lead generation industry with its inclusive solutions.
Strong Community
Communities are vital to the long-term rise of crypto coins. Their influence and voice on the social media platforms, support in chat rooms and financial backing are so valuable. With over 46 thousand likes on Facebook, over 9 thousand followers on Twitter, 200+ new users daily, 20 thousand installs and counting, over 250 thousand leads and over 3 thousand active members in the telegram group, it is safe to say Snovio has a very solid backing from its community. A token like Snovio, which has so many unique intangibles going for them, will only grow in popularity. I would not be surprised if these numbers are doubled by the end of 2018. People truly love and back this token. Snovio is the future in so many different aspects and that’s what makes this community different.
Long story short
Market cap is a circulating supply that is multiplied by the current price of the coin. Make sure to look into the fundamentals of a coin to really grasp an understanding of it. Just because a coin has a high market cap does not accurately showcase what the coin really is and who represents it.