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All Dogecoins in circulation are not worth $91m. For that to be the case, there’d have to be people willing to buy all 111 million Dogecoins for $0.000796 each,
by runeks 9y ago
All Dogecoins in circulation are not worth $91m. For that to be the case, there’d have to be people willing to buy all 111 million Dogecoins for $0.000796 each, which is not the case at all. People are only willing to pay this price for a tiny fraction of all Dogecoins in existence; as we go beyond that, the bid price starts approaching zero.
- CamelCaseName 9y agoThe opposite is also true, and not just in assets like stocks but cryptos as well. The price of any asset increases substantially if you try to buy a significant stake.