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
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 it
