Cryptocurrency Circulation Issues

Cryptocurrency Circulation Issues

Cryptocurrency circulation is one of the most interesting parts of the industry. However, not all tokens are circulated in the same manner. For example, there is a finite number of Bitcoins—which is why people are mining for them, trying to find them before they run out. On the other hand, Dogecoins are made on-demand, meaning that the market is flooded with them all the time. What does this mean? Well, assets lose value as supply rises, especially when investors know where there is a massive supply. On the other hand, demand rises when there is a limited supply, thus driving up the price. That’s why it might be interesting that Robinhood ($HOOD@US) holds one-third of all Dogecoin in circulation, but that’s a far cry from owning, say, one-third of all Bitcoin. Check your circulation with Benzinga Pro and come back often to learn more about how your favorite cryptocurrency is performing.


User: Benzinga

Views: 1.3K

Uploaded: 2022-02-28

Duration: 00:53

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