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> How does anyone justify these obscure tokens and coins being worth billions. You might be misinterpreting market cap of coins. Simple example: - I create a
by mbesto 5y ago
> How does anyone justify these obscure tokens and coins being worth billions.
You might be misinterpreting market cap of coins.
Simple example:
- I create a new crypto called CRY
- I create 1 million CRY coins
- I have converted zero CRY coins to USD
- I sell 1 CRY coin for $1
- The market cap for all coins is now $1M