Zipf’s law is a naturally occurring pattern encountered in a wide variety of areas, from linguistics and population dynamics to biology and finance. The weight distribution for the corresponding currencies’ ranks is constant and does not require precise knowledge of market capitalization. Large cap cryptocurrencies like Bitcoin and Ethereum are considered a relatively safe investment without a high possibility of crashing. If you want to invest large sums of fiat money in crypto and make a profit, then investing in large cap cryptos is a great choice. Every digital currency with a market cap of more than 10 million USD is considered a large cap crypto. This is why market cap companies like CoinMarketCap draw their data from numerous exchanges across the web, to provide people with up-to-date information that is as accurate as possible.
- Indeed, cryptos like Bitcoin are now back to levels last seen in December 2017.
- A little more than one in 10 Australians bought a cryptocurrency such as bitcoin or ethereum over the past 12 months, according to our survey.
- ‘The growth in retail markets since COVID-19 has fuelled changes to the mix of product types being traded.
- The plus side of trading is that traders can make profits regardless of a bull or bear market, referred to as shorting or going long on the market.
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