Questions
TagsWhat is the meaning of free float in the context of cryptocurrencies?
Jimmy SloanDec 15, 2021 · 3 years ago1 answersCan you explain what free float means in relation to cryptocurrencies? How does it affect the market and the price of cryptocurrencies?
1 answers
- Free float in the context of cryptocurrencies refers to the number of coins or tokens that are available for trading on the market. It represents the portion of the total supply that is not locked up or held by a specific entity. The free float can have an impact on the price of cryptocurrencies as it affects the supply and demand dynamics. When the free float is low, it means that a large portion of the total supply is not available for trading, which can create scarcity and potentially drive up the price. Conversely, a high free float indicates a larger supply available for trading, which can put downward pressure on the price. It is important for investors to consider the free float of a cryptocurrency when assessing its potential for price appreciation or depreciation.Dec 15, 2021 · 3 years ago
Related questions
- 99
How can I minimize my tax liability when dealing with cryptocurrencies?
- 77
How can I protect my digital assets from hackers?
- 62
How does cryptocurrency affect my tax return?
Load 5 more related questions
Related Tags
Hot Questions
- 99
How can I minimize my tax liability when dealing with cryptocurrencies?
- 77
How can I protect my digital assets from hackers?
- 62
How does cryptocurrency affect my tax return?
- 40
What are the best practices for reporting cryptocurrency on my taxes?
- 37
What are the tax implications of using cryptocurrency?
- 37
How can I buy Bitcoin with a credit card?
- 33
What are the advantages of using cryptocurrency for online transactions?
- 31
What is the future of blockchain technology?