How does the market cap of Presearch Coin affect its price volatility?

1 answers

• McCurdy OgdenMay 01, 2022 · 4 years ago
  The market cap of Presearch Coin is an important factor that can influence its price volatility. Market cap is calculated by multiplying the current price of the coin by the total number of coins in circulation. When the market cap is low, it means that the coin is relatively unknown or has a small user base. In such cases, even a small buy or sell order can have a significant impact on the price, leading to higher volatility. On the other hand, when the market cap is high, it indicates that the coin has a larger user base and is more widely recognized. This generally leads to higher liquidity and lower price volatility. Therefore, the market cap of Presearch Coin can affect its price volatility by determining the level of liquidity and the ease of price manipulation.
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