Charting Coins against the Price/Mcap on RoseonX
RoseonX is a decentralised gamified spot and derivatives exchange within the Roseon ecosystem. It offers low fees, fast transactions, high leverage, and applies gamification to make trading engaging and rewarding for users. It supports perpetual exchange, multi-chain swaps, trailing stops, single sign-on, fast trade execution, and a gamified experience to incentivize trading, staking, and DeFi activities.
The platform supports an innovative market making technology where Liquidity Providers earn fees from market making, swap fees, and leverage trading. RoseonX also offers multi-chain swaps and bridges to provide users with the cheapest fees available. Traders can benefit from features like trailing stops, single sign-on for seamless user experience, fast trade execution with delegated wallet technology, and a gamified experience where users earn rewards by trading, staking, or playing games.
Analyzing Markets on RoseonX
Do you know as a Technical Analyst, you can choose to Analyze the price of tokens on RoseonX or the Market cap of this tokens.
Price vs Mcap:
A token may have a high price but low mcap as well as a low price and a high. mcap.
What does this mean.
The value of a token may not be measured directly by the price. Analyzing the mcap can be of great advantage.
A token at $0.1 dollar can be valued at $1bn mcap and a token of $20 can be valued at $100m. As an investor, you can blindly go for the token with $0.1 expecting it to reach $10, oh yeah that’s a 100x. But you forget that the 100x means a $100bn mcap. How realistic is that brrr. On the other end, a 100x for the token at $20 is $10bn which is a more realistic target.
This is why the mcap is important. Analyzing the mcap will help you understand if the token is at a good buy price and how far to the upside it can go. If I see a token at $100k mcap, regardless of the price, I’m comfortable with the fact that a 10x meaning $1m mcap is very realistic and achievable
Charting Coins against the Price/Mcap on RoseonX
As we observe, these are two different charts which will serve important purposes in the context of the user. Frame one is charted against the Price and frame two against the market cap. Now you’ve known, It’s awesome to switch between them for more productive trades as well as explore more RoseonX features. Lfg 💯
