Within the context of cryptocurrency trading, Rank refers to the relative position of a digital token by market capitalization. This of course depends on the coin’s price. But largely, sites and companies rank cryptocurrencies in accordance to tracking price, volume and of course, demand.
Determining the rank of cryptocurrencies is usually done every two months. Apart from the aforementioned technicalities in evaluation, aspects such as basic technology, applicability, and creativity are also largely considered. With the information gathered from the analysis, buyers and crypto traders make apt decisions that in turn would also affect the rank of the cryptocurrencies they choose to purchase. This is the dynamic and circular relationship of coin ranking and the buy and sell of cryptocurrencies.