Its not an indicator of nothing it is best way to compare different cryptos because knowing the price alone tells you almost nothing without also knowing how many there are.
Maybe its misnamed, its not good for comparison of crypto to companies
it actually is indicator of NOTHING. at the very least it is the worst way to compare different cryptos because with altcoins you don't ever know what their circulating supply is. a random altcoin can easily report having billions of coins but in fact have 1 or 2 million coins in circulation and that billions of coin supply creates a fake big marketcap which
indicates nothing about itI wouldn't say it indicates
nothing. It usually indicates
nothing good! I think the ratio of circulation to supply is a great indicator of
dumping potential (usually applied to a newer coin) and simultaneously yet inversely,
perceived value (typically for something more mature). By perceived value I mean hodling value, of course.
But comparing market caps alone is worthless at best. Comparing market cap to corporate valuations is fun but also apples to oranges.
Organic behavior will always defy any attempt to simplify. Until you apply this statement to itself. Welcome to the rabbit hole.
