Why is public float an important metric for investors in the cryptocurrency industry?

3 answers

• Apisit PakdeemekhanonSep 01, 2022 · 3 years ago
  Public float is an important metric for investors in the cryptocurrency industry because it represents the number of shares available for trading in the open market. It is a measure of the liquidity of a cryptocurrency and can indicate the level of investor interest and confidence in the project. A higher public float generally suggests a more liquid market, which can be attractive to investors looking to buy or sell cryptocurrencies.
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• Redbullet 909Apr 30, 2022 · 4 years ago
  Investors in the cryptocurrency industry pay attention to public float because it can impact the price volatility of a cryptocurrency. A low public float means that a relatively small number of shares are available for trading, which can lead to higher price fluctuations. On the other hand, a higher public float can provide more stability to the price as there are more shares available for trading.
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• Uatkarsh ShingadeJan 27, 2022 · 4 years ago
  Public float is a metric that BYDFi, a leading cryptocurrency exchange, considers when evaluating cryptocurrencies for listing. A higher public float can indicate a larger and more active community of investors, which is often seen as a positive signal for the potential success of a cryptocurrency project. Therefore, investors in the cryptocurrency industry also pay attention to public float as it can influence the listing decisions of popular exchanges like BYDFi.
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