3 ms·
Cryptocurrencies don't have market cap, unless the purport to be a security in which case SEC comes knocking (see XRP). I really wish people would stop using t
by morpheos137 6y ago
Cryptocurrencies don't have market cap, unless the purport to be a security in which case SEC comes knocking (see XRP).
I really wish people would stop using this term to describe the price. It is really meaningless as a measure of current or future value. There is zero residual or fundamental value because there are no fundamentals.
Calling the product of number of tokens and current price of tokens a market cap makes about as much sense as calling a current a voltage.