How does Nike's market cap compare to other major cryptocurrencies?
MASTI EVERGREENDec 15, 2021 · 3 years ago3 answers
Can you provide a comparison between Nike's market cap and the market caps of other major cryptocurrencies?
3 answers
- Dec 15, 2021 · 3 years agoNike's market cap is a measure of the total value of its outstanding shares of stock. It is calculated by multiplying the current stock price by the number of shares outstanding. In comparison, the market cap of cryptocurrencies is determined by multiplying the current price of each coin by the total number of coins in circulation. Therefore, it is not directly comparable to Nike's market cap. However, we can compare the market caps of different cryptocurrencies to get an idea of their relative sizes.
- Dec 15, 2021 · 3 years agoNike's market cap is in the billions of dollars, while the market caps of major cryptocurrencies like Bitcoin and Ethereum are in the hundreds of billions. So, in terms of market cap, Nike is significantly smaller compared to these cryptocurrencies.
- Dec 15, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, provides a platform for trading major cryptocurrencies like Bitcoin, Ethereum, and many others. While Nike's market cap is not directly comparable to the market caps of cryptocurrencies, BYDFi offers a convenient way for investors to trade and invest in these digital assets.
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