Global Crypto Market Capitalization And Ways To Make Profits Off It.

In this article, I’ll explain the fundamentals of cryptocurrency market capitalisation and how you can profit from it. Please take a seat and some coffee as we begin.

Market capitalization in crypto can be used by investors to determine the worth of a cryptocurrency they are considering to purchase. It is a critical factor for determining profitability, as well as price-to-earnings and other important variables.

What is the market capitalization of cryptocurrency?

The term “market capitalisation” is frequently abbreviated as “market cap.” In cryptocurrency, analysts calculate it as the price of the virtual currencies multiplied by the number of coins in the market.

This gives cryptocurrency investors a sense of the overall market size, and tracks how much money is flowing in and out of each cryptocurrency.

What is the cryptocurrency’s total market capitalization?

So the entire market capitalization reflects the total value of all crypto assets on the market, which includes Bitcoin, altcoins, stablecoins, and other cryptocurrencies. This measure is significant since it represents the overall size of the industry.

In recent years, the cryptocurrency market has expanded from $180 billion in early 2020 to over $2.8 trillion by the end of 2021. Due to the active development of DeFi, GameFi, NFT, and metaverses, analysts forecast a total crypto market cap of $4 trillion by the end of 2022 (No financial advice).

What does market cap tell you?

Market cap measures what all cryptocurrency is worth, as well as the market’s perception of its future prospects, because it reflects what investors are willing to pay for the cryptocurrency. This can help investors to know where they are putting their hard-earned money.

Where can the “Market Cap index” be traded?

Well this is where the main story lies, as of how you can profit from the TMC (Total Market Cap) with duet protocol. Duet Protocol is the world’s first multi-chain synthetic assets ecosystem, enabling pegged assets from various markets including stocks, indexes, ETFs, and commodities.

Duet App has added a new synthetic asset called “dTMC,” which is the first Total Cryptocurrency Market Cap Index to be listed on the BNB Chain.

“The total market capitalization of crypto marketplaces is tracked by the Synthetic Total Cryptocurrency Market Cap (dTMC).” The price of dTMC is equivalent to 1 billion divided by the current crypto market cap in USD.”

Duet Protocol has now made dTMC available to investors to better satisfy users’ investing needs.

With this newly introduced synthetic asset to the duet protocol app, the users of the duet app can also earn high apy, by supplying dTMC-dUSD liquidity in the earn module, and get mouth watering returns too.

How can I get dTMC from dAssets?

There are two ways to get dTMC on Duet App, just like other dAsset, dWTI and dXAU.

First Method;

Users can use dUSD to buy straight through Swap on the PancakeSwap website

https://pancakeswap.finance/swap.

Token Contract Address:

dTMC: 0x529AaFadba71386AB77519DA5eC75ab943dF0b6D

Method 2: Users can supply liquidity to any LP pair or single asset in the Earn Module and get credits on the website duet.finance. After providing liquidity, users can go to the dAssets module to borrow any dAssets in the Innovation Markets, including dTM

Users receive ‘credits’ after providing liquidity and can borrow any dAssets in the Innovation Markets, including dTMC.

Now finally congratulations. You have just become the owner of dTMC, an innovative asset.

For more details, please go to: https://duet.finance/.

Stay tuned for the most up-to-date information. https://linktr.ee/duetprotocol

--

--

--

Nigerian and Your whole plug

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Point of Sale (POS) — innovation, monetization, transaction costs, and other questions at 50p

Human Guild partners with Attarius Network

With The DragonBite MantraDao LP Staking Program, Get Rewarded for Providing Liquidity

The Top 5 Best Launchpads In The Crypto Industry, who will be the sixth?

Recapitulation of CHAINGE FINANCE PROJECT AMA event held at AMA LOVERS CLUB.

Get to Know BitCoke`s Fee Structure

Hit me! A Developer’s Guide to Decentralized Ethereum Gambling

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ignatius juniour

ignatius juniour

Nigerian and Your whole plug

More from Medium

Knowledgebase for Blockchain and FantomStarter Hot Multichain

Crypto address converter for multiple EVM Clone Chain

Lambatoken has Bridged to Binance Smart Chain

lambatoken bridge to bsc

GreenMetaDoge | $GMD | %5 $GMT & 5% $Doge Reward!