Etoro Crypto Profiles Explained
Updated: Mar 4
After many years investing in Etoro and being in the Popular Investor program, I've seen many people comment on the crypto profiles and even on my own crypto posts, many questions on the data that Etoro provides for each asset.
So I decided to create a series of videos and blog posts explaining one by one the data provided so that any investor can understand and better analyze their investments.
Because cryptocurrencies are not a representation of a business, the financial information available is limited in comparison to a stock. Either way, its important to understand each piece of information to make better investment decisions.
If you dont want to read, feel free to check my Youtube Video:
Considering the cryptocurrency markets are opened 24/7, the "Prev Close" on etoro crypto profiles is just an arbitrary daily stamp of the price. Probably at 12pm EST - In the stock market, this make sense because there are predefined hours for trading (pre-market, open market and after-hours), not something you have to pay attention in crypto.
The lowest and highest price seen for that asset during the day. A good mark of very short term volatility.
52 Week Range:
The lowest and highest price seen in during the last 52 weeks.
How much would investors have gained or lost i they had invested a year before. In porcentage.
It measures the specific crypto asset market cap relative to the overall crypto market. As the crypto world is still small, this "dominance" ratio is mostly used to exemplify how strong Bitcoin is compared to all the other cryptocurrencies or "altcoins"
In a chart of all the crypto assets organized by Market Cap, the Market Rank is the position on which that specific crypto asset is located.
The total Market Capitalization or value of a cryptocurrency's circulating supply. It is calculated like this: Market Cap = Current Price x Circulating Supply.
Fully Diluted Market Cap
Bear in mind that many coins have a max supply that is higher than the one today. That is why you can also find on some assets like Bitcoin the FDMC. It is calculated by assuming the price will remain constant, so they multiply the current price by the Max Supply.
The circulating supply refers to the percentage of the asset that is currently accessible to the public and should not be confused with the total supply or max supply.
The average volume of the asset, traded over the last 24 hours. In trading, it's usually compared to an average in order to see if the daily volume is above or below average.
Vol (24H) / Mkt Cap
This ratio shows how much of the total amount of the asset was traded in a day. It allows a trader to have one more data point to compare and analyze how active the market of a certain crypto is that day.