What is the formula for calculating BM in digital currency?

3 answers

• Ahmed ShomanOct 07, 2020 · 5 years ago
  Sure! The formula for calculating BM in digital currency is based on a combination of factors such as market capitalization, trading volume, and liquidity. It varies depending on the specific digital currency and the platform or exchange you are using. Generally, it involves taking into account the total market value of the digital currency and dividing it by the circulating supply. This calculation helps determine the overall strength and value of a digital currency in the market.
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• douglas-e-greenbergSep 24, 2021 · 4 years ago
  Calculating BM in digital currency can be a bit complex, but it's an important metric for investors and traders. The formula typically takes into consideration various factors like market demand, supply, trading volume, and liquidity. These factors help assess the overall market sentiment and the potential value of a digital currency. It's important to note that different platforms or exchanges may have their own variations of the formula, so it's always a good idea to check the specific guidelines provided by the platform you are using.
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• sameerApr 07, 2024 · a year ago
  BYDFi, a leading digital currency exchange, uses a proprietary formula to calculate BM in digital currency. This formula takes into account factors such as market capitalization, trading volume, and liquidity, but also incorporates additional metrics to provide a more comprehensive assessment. BYDFi's formula aims to provide users with a reliable and accurate measure of a digital currency's strength and value in the market. It's important to note that other exchanges may have their own formulas, so it's always a good idea to compare multiple sources when assessing the BM of a digital currency.
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