Dogecoin has a circulating supply of 130 billion tokens.Let’s look at 2 cryptocurrencies: Dogecoin and Yearn.finance. Let’s take a look at how token supply, market capitalization and token price are related. What’s more, 10,000 Dogecoin are mined every minute, effectively decreasing the value of DOGE on a per token basis. Cryptocurrencies like Dogecoin have an enormous market capitalization, as there are over 100 billion tokens in circulation. Cryptocurrency Market Capitalizationīefore buying a cryptocurrency because of its seemingly low price, you need to make sure the price is low because it’s market capitalization is low. It’s important to know a token’s inflation rate before investing, as this can affect the altcoin’s price. While there can only be 21 million bitcoin ever created, many altcoins have a set inflation schedule to facilitate the project’s growth. Bitcoin has seen mass adoption from governments, institutions and retail investors alike, giving it a wide user base and robust decentralized network.Īlso, many altcoins don’t have a maximum supply. Generally speaking, altcoins are higher risk investments when compared to Bitcoin. There are some important differences between altcoins and Bitcoin that you should be aware of before investing in altcoins. Also, Ethereum is usually just referred to as ETH or Ether, as its mass adoption and robust ecosystem put it in a category of its own.
Stablecoins are cryptocurrencies pegged to other assets like the U.S dollar, and they’re typically referred to as stablecoins, not altcoins. The term altcoin refers to any cryptocurrency other than Bitcoin, with few exceptions. If you’ve been involved in cryptocurrency at all, you’ve probably heard the term altcoin.
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