Steemit’s Cryptocurrency Ranks 4th by market cap, Just 10 hours ago~

tlarsen2080 (48)in #business • 8 years ago (edited)

The SMN Weekly shared about 10 hours ago that Steemit's Currency ranks 4th by the market cap.

This exciting news Id like to put into easy terms for all us lessor Crypto professionals.

The SMN Weekly shared about 10 hours ago that Steemit's Currency ranks 4th by the market cap.

And just so you are in the know:

"Market cap, also known as market capitalization is the total market value of all of a company's outstanding shares. It is also incorrectly known to some as what the company is really worth, or in other words the value of the business."

All ready covered in the news was the Steemits rise to fame with over a 400 million value in Digital currency:

"Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership."

While reserching that, I do see the charts show that has dwindled some to a market cap of 170 million. Still not bad after all the excitement died down. Or has it. While on Steemit, it still is growing with 100's of new users each day.

I further saw in the news that Steemit has out performed Litecoin:

"Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances."

and the well known Ethereum Classic:

"The purpose of Ethereum Classic is to provide a decentralized platform that runs decentralized applications which execute exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. "

I have just found Steemit a few weeks ago. And found that it started in March of this year 2016. The public found it as a unique social media community that shares rewards for us creating, reporting and sharing news, content business etc in posted submissions.