🚨 Important Information for New Traders and Investors in Digital Currencies 🚨

As you begin your journey in cryptocurrency, it’s crucial to understand the differences between:

1️⃣ Circulating Supply

Definition: This is the amount of a cryptocurrency that is currently available for trading. It represents the coins that you can buy and sell in the market.

Importance: Circulating supply helps determine the market capitalization and value of the currency.

2️⃣ Total Supply

Definition: This refers to the total amount of coins that currently exist, including those that are not in circulation. This can include burned coins or those locked in contracts or lost wallets.

Implications: Total supply gives a fuller picture of the asset's availability but does not necessarily reflect its market activity.

3️⃣ Max Supply

Definition: This is the maximum number of coins that can ever exist for a particular cryptocurrency. Once this cap is reached, no more coins can be created.

Considerations: Some cryptocurrencies have no max supply, allowing for an infinite number to be minted in the future. This can affect inflation and scarcity.

Notable Cryptocurrencies Without Max Supply:

$ETH (Ethereum)

$BNB (Binance Coin)

$FIL (Filecoin)

$NEAR (NEAR Protocol)

Understanding these concepts is vital for making informed investment decisions. Save this post for future reference!#BNBRisesTo600 #USRetailSalesBoost #TeslaTransferBTC #BTCUptober #Write2Earn!