Question 1

What is “Market cap“?

Accepted Answer

Market capitalization, often referred to as “market cap” or “MC”, is a way to measure the size of an asset by multiplying the asset's price with its circulating supply. For example, if a cryptocurrency has a price of $0.5 and a circulating supply of 10 million, then the market cap of this asset is $5 million.

Question 2

What is “Volume”?

Accepted Answer

Volume refers to how much (in monetary terms) a cryptocurrency has traded over a period of time (on NAGAX, in the last 24 hours). Volume is important because it has a significant impact on the price of the cryptocurrency from both an absolute and relative perspective.

Question 3

How is the price change calculated on NAGAX?

Accepted Answer

The change in price is calculated as a difference between the current price and the price 24 hours earlier. Therefore, the price change is always fluctuating and should be examined more closely by viewing it in different time periods on the asset charts.

Question 4

In what time zone is the NAGAX platform based?

Accepted Answer

Data is collected, recorded, and reported in GMT+2 time unless otherwise specified.

Question 5

How to know which cryptocurrencies to trade?

Accepted Answer

Just like on the stock market, it's likely best to trade something you are familiar with. For example, if you're a gaming and metaverse fan and you're following the news in these niches, it might be a good idea to trade, for example, Decentraland (MANA). Another way to pick a cryptocurrency to trade is by looking what is currently trending in the markets. For example, Dogecoin (DOGE) used to be one of the top traded coins while it was trending. However, other coins have taken over the spotlight since then.

Question 6

How do we pick cryptocurrencies to list on NAGAX?

Accepted Answer

Our aim is to provide investors with a variety of popular, trending, and potentially underrated cryptocurrencies, so everyone can get exposure to many different assets. We also do our due diligence to avoid listing potentially fraudulent cryptocurrency projects.

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