Why Does 1MBabyDoge Have a $0 Market Cap?
Why Does 1MBabyDoge Have a $0 Market Cap?
The screenshot you’ve shared shows some interesting details about 1MBABYDOGE/USDT, specifically the market cap being listed as $0. This can be confusing, so let’s break it down and understand why this might be the case and whether it’s a red flag. 📉🐕🦺
Please show some love ❤️❤️ by liking and commenting, it means the world to me And don’t forget to follow for more insights. Your support helps us continue creating valuable content!
What Is Market Cap?
In the world of cryptocurrencies, Market Capitalization (Market Cap) refers to the total value of a cryptocurrency's circulating supply. It’s calculated by multiplying the current price of the token by the number of tokens that are currently in circulation. Here’s the formula:
Market Cap = Current Price × Circulating Supply
Why Is It Showing $0 Market Cap?
There are several reasons why a token like 1MBabyDoge might be showing a market cap of $0, even though the trading price seems active:
Circulating Supply Not Available: According to the image, the circulating supply is 0 1MBABYDOGE. If there is no circulating supply being reported or recorded by the platform, the system would automatically calculate the market cap as zero. Since market cap is dependent on the circulating supply, if that data is unavailable or incorrectly reported, the market cap will appear as $0.
Listing Data Issues: Sometimes, data sources like CoinMarketCap, Binance, or others may have temporary issues retrieving the correct data. This can result in $0 being shown as a placeholder until the information is updated.
New Token or Token Swap: If 1MBABYDOGE is a newly introduced or wrapped token, there may be issues with the listing update. It’s possible the market cap and circulating supply are still being established, especially if this token was part of a recent fork, swap, or relaunch.
#Write2Earn! #BTC☀ #Baby_doge #HMSTRprediction
Like and share @CRYPTO_KITE
