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Market cap is an absurd metric for cryptocurrencies. If print a billion tokens and sell you one for a dollar, it’s a billion dollar market cap.
by empath75 7y ago
Market cap is an absurd metric for cryptocurrencies. If print a billion tokens and sell you one for a dollar, it’s a billion dollar market cap.
- buboard 7y agoso are stocks
- CamelCaseName 7y agoStocks are, generally, asset backed and revenue generating.
- buboard 7y agothe market cap isn't asset backed. it reflects potential future revenue
- DesiLurker 7y agothere is an old adage I recall in trading.. "volume justifies price". so if you can sell your shiny new coin for a dollar a token with a billion such tokens outstanding & you can do it with any significant volume then yeah it would be a billion dollar cap coin. Nice strawman though!