What happens when a crypto hits market cap?

When Bitcoin reaches its supply cap, block rewards will vanish, and miners will depend on fees from transactions occurring on the cryptocurrency’s network for revenue. Bitcoin’s network may evolve from its current unfinished state to becoming a bridge for monetary transactions and trading.

How does market cap affect Bitcoin price?

For example, Bitcoin’s market capitalization is found by multiplying the current number of coins in existence — over 18 billion — with Bitcoin’s price at a given time. As Bitcoin’s price fluctuates, which it does frequently, so too does its market capitalization.

Which crypto can overtake Bitcoin?

A Gen Z crypto millionaire says ether could overtake bitcoin as the No 1 crypto before mid-2022 – and could ‘power the rails’ of global finance. Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months.

Can another crypto replace Bitcoin?

Ethereum is the second biggest cryptocurrency by market capitalization, and right now, it’s the most likely to replace Bitcoin. But right now, if anything is going to overtake Bitcoin, Ethereum is the most likely.

Does market cap matter in crypto?

Why is market cap important? Price is just one way to measure a cryptocurrency’s value. Investors use market cap to tell a more complete story and compare value across cryptocurrencies. As a key statistic, it can indicate the growth potential of a cryptocurrency and whether it is safe to buy, compared to others.

Is market cap important in cryptocurrency?

Why can’t you make another Bitcoin?

Limited supply: Bitcoin’s maximum supply is 21 million. There will never be any more than 21 million Bitcoin. To many experts, this limited supply, or scarcity, is a big contributor to Bitcoin’s value. Cannot be copied: Because Bitcoin operates on a blockchain ledger, no one can counterfeit a Bitcoin.

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