/biz/ - Business & Finance

>>51273163
>>51273264
Are you familiar with volume and marketcap?
Volume = the total amount of buying and selling activity. The higher the volume, the more popular and traded a coin is
As for LUNC, it has 1.2 BILLION dollars in volume. You know how high that is? That ranks it third in volume, out of all cryptocurrencies in the entire world, 3rd only behind BTC and ETH

As for marketcap, well it's pretty simple, it's the total value of the coin, in USD
The higher the number, the less X the coin will do. LUNC currently has a marketcap of $2 billion dollars or so, putting it in the top 30 biggest cryptocurrencies

So the bottomline is that LUNC is very known at the moment and very big. Make sure you have an exit strategy (that doesn't involve the $1 EOY dishonest price target)