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2Z Token Valued at $0.95 with $3.3 Billion Market Cap

DoubleZero (2Z) experienced sharp volatility, briefly surging to $1.84 before settling near $1.25, pushing its market capitalization to $4.5 billion.

Summary

DoubleZero (2Z) token price spiked to $1.84 before retracing to $1.25, giving it a market capitalization of $4.5 billion. This marks a significant increase from earlier valuations of $3.3 billion, highlighting rapid market fluctuations.

Terms & Concepts
  • Market Capitalization: The total value of a cryptocurrency’s circulating supply, calculated by multiplying its current price by the number of circulating coins.
  • Fully Diluted Valuation (FDV): An estimate of a cryptocurrency’s market value if all possible tokens in its supply were in circulation.
  • On-chain Price: The price of a cryptocurrency recorded on its blockchain network, reflecting transactions and liquidity directly on-chain.