Date: January 21st, 2018 6:24 AM Author: Salmon Box Office Boltzmann
volume is how many units of an asset have exchanged hands over unit time.
market cap is calculated by the current market price * the total units of asset. here is the important part: the current market price is whatever most people are presently willing to pay per unit asset. ** and that can change drastically even with very low volume. **
it only takes a small mob of buy tards (e.g. xoxo and zilliqa) to run up a price on a huge market cap coin. (lol jk i love xoxo and zil)
Date: January 21st, 2018 10:34 AM Author: Drunken startled wagecucks gunner
If market cap can increase by $5 million with no issurance of additional Coins in this time, then why wouldn't trading volume also be ~$5 million in this span of time. I know how market capitalisation works, I majored in Engineering ffs.
Date: January 21st, 2018 10:38 AM Author: 180 slimy philosopher-king
In theory trading volume could be one and the price that one transaction closed at would dictate the new market cap. It's possible to have large mkt cap changes on very thin volume, it's not one to one.