Topic: Is market cap really something that matters in a coins value? Because... (Read 263 times)

Actually marketcap has nothing to do with the value of the coin.For example,if we have a newly launched coin having a total supply of 21 million coins and now the coin's market price is just $1,then now its actual marketcap is 21 million dollars.If a person voluntarily places a sell order for $4 for that coin and buys that coin at that rate,then the marketcap of that coin is calculated by just multiplying the total number of coins with the last sold price of $4 and now the marketcap becomes $84 million dollars.

Ok so, everytime you take a look at a coin's price prediction with a google search, like for instance Cardano, you always have the hopeful heard that says "10$ by the end of 2018!" if not more, while some more rational people will say it's not possible, 2$ max, because with the supply of coins (which is 25 billion for ada according to cmc), a 10$ share would mean a 250 billion market cap.

Actually marketcap has nothing to do with the value of the coin.For example,if we have a newly launched coin having a total supply of 21 million coins and now the coin's market price is just $1,then now its actual marketcap is 21 million dollars.If a person voluntarily places a sell order for $4 for that coin and buys that coin at that rate,then the marketcap of that coin is calculated by just multiplying the total number of coins with the last sold price of $4 and now the marketcap becomes $84 million dollars.

This question is asked before and i don`t know why people continue to ask about marker caps.
The market cap doesn`t matter to me.The current price of a coin is the only thing that matters.
Let`s say that i create a brand new altcoin with 1M coins limited supply.I will list that coin in some crypto exchange platforms and buy a few coins for 1$ per coin,using multiple accounts that i`ve created in those exchange platforms. This would mean that i will pump my altcoin`s market cap to 1M USD,using only a few hundred,or maybe thousand dollars to invest.

Hello,

Ok so, everytime you take a look at a coin's price prediction with a google search, like for instance Cardano, you always have the hopeful heard that says "10$ by the end of 2018!" if not more, while some more rational people will say it's not possible, 2$ max, because with the supply of coins (which is 25 billion for ada according to cmc), a 10$ share would mean a 250 billion market cap.

So in essence, rationally, you can sort of predict a coins price by simply looking at coin supply and doing basic math.

Yet, it is a known fact that Ethereum for instance has no coin limit. Although there are not as many coins as Ada (about 100 million to round it up), people are today still ready to pay up to 1400$ a coin, which means an MC of 140 billion USD not a week ago. I'm pretty sure that 1400$ is still the lower/middle end of what 1 ETH will be valued at some point. Heck, it was barely worth 7$ a year ago, and I bet you people were saying the same thing back then "1000$ not possible".

Same thing with the global market cap, what were people saying 3-4 years ago? I bet a trillion market cap seemed pretty impossible.

History repeats itself. People are not rational when it comes to cryptos and we are still in what you could call early stages. It's only been what, a few months now that Bitcoin has gathered interest from the masses. What's your impression? Is marketcap really an indicator? Because when you take a look at Cardano, it looks like a waaay better version of ETH. And as much as I like Ethereum, it's starting to show it's weaknesses and I feel the roadmap and general news about the coin don't make up for the price of 1400$.

So yeah, just curious to see what other's think.

Cheers

Hello,

Ok so, everytime you take a look at a coin's price prediction with a google search, like for instance Cardano, you always have the hopeful heard that says "10$ by the end of 2018!" if not more, while some more rational people will say it's not possible, 2$ max, because with the supply of coins (which is 25 billion for ada according to cmc), a 10$ share would mean a 250 billion market cap.

So in essence, rationally, you can sort of predict a coins price by simply looking at coin supply and doing basic math.

Yet, it is a known fact that Ethereum for instance has no coin limit. Although there are not as many coins as Ada (about 100 million to round it up), people are today still ready to pay up to 1400$ a coin, which means an MC of 140 billion USD not a week ago. I'm pretty sure that 1400$ is still the lower/middle end of what 1 ETH will be valued at some point. Heck, it was barely worth 7$ a year ago, and I bet you people were saying the same thing back then "1000$ not possible".

Same thing with the global market cap, what were people saying 3-4 years ago? I bet a trillion market cap seemed pretty impossible.

History repeats itself. People are not rational when it comes to cryptos and we are still in what you could call early stages. It's only been what, a few months now that Bitcoin has gathered interest from the masses. What's your impression? Is marketcap really an indicator? Because when you take a look at Cardano, it looks like a waaay better version of ETH. And as much as I like Ethereum, it's starting to show it's weaknesses and I feel the roadmap and general news about the coin don't make up for the price of 1400$.

So yeah, just curious to see what other's think.

Cheers

Market cap to me is important not that it determines much in cryptos but it is used to know the popularity of the coin. Off course , it is the interaction of price and the volume of interaction on the coin.

However, it is not solely a determinate of a good. The total supply of a coin and purpose is important.

The marketcap means everything, i always try to invest in those coins who have a marketcap of less than $20 millions of something aproximate to that, because they have a bigger room to keep going up. It is just pure math, if you invest in a coin that has 1 billion of marketcap, you have less chances of making a x10.

Hello,

Ok so, everytime you take a look at a coin's price prediction with a google search, like for instance Cardano, you always have the hopeful heard that says "10$ by the end of 2018!" if not more, while some more rational people will say it's not possible, 2$ max, because with the supply of coins (which is 25 billion for ada according to cmc), a 10$ share would mean a 250 billion market cap.

So in essence, rationally, you can sort of predict a coins price by simply looking at coin supply and doing basic math.

Yet, it is a known fact that Ethereum for instance has no coin limit. Although there are not as many coins as Ada (about 100 million to round it up), people are today still ready to pay up to 1400$ a coin, which means an MC of 140 billion USD not a week ago. I'm pretty sure that 1400$ is still the lower/middle end of what 1 ETH will be valued at some point. Heck, it was barely worth 7$ a year ago, and I bet you people were saying the same thing back then "1000$ not possible".

Same thing with the global market cap, what were people saying 3-4 years ago? I bet a trillion market cap seemed pretty impossible.

History repeats itself. People are not rational when it comes to cryptos and we are still in what you could call early stages. It's only been what, a few months now that Bitcoin has gathered interest from the masses. What's your impression? Is marketcap really an indicator? Because when you take a look at Cardano, it looks like a waaay better version of ETH. And as much as I like Ethereum, it's starting to show it's weaknesses and I feel the roadmap and general news about the coin don't make up for the price of 1400$.

So yeah, just curious to see what other's think.

Cheers

This question is asked before and i don`t know why people continue to ask about marker caps.
The market cap doesn`t matter to me.The current price of a coin is the only thing that matters.
Let`s say that i create a brand new altcoin with 1M coins limited supply.I will list that coin in some crypto exchange platforms and buy a few coins for 1$ per coin,using multiple accounts that i`ve created in those exchange platforms. This would mean that i will pump my altcoin`s market cap to 1M USD,using only a few hundred,or maybe thousand dollars to invest.

Hello,

Ok so, everytime you take a look at a coin's price prediction with a google search, like for instance Cardano, you always have the hopeful heard that says "10$ by the end of 2018!" if not more, while some more rational people will say it's not possible, 2$ max, because with the supply of coins (which is 25 billion for ada according to cmc), a 10$ share would mean a 250 billion market cap.

So in essence, rationally, you can sort of predict a coins price by simply looking at coin supply and doing basic math.

Yet, it is a known fact that Ethereum for instance has no coin limit. Although there are not as many coins as Ada (about 100 million to round it up), people are today still ready to pay up to 1400$ a coin, which means an MC of 140 billion USD not a week ago. I'm pretty sure that 1400$ is still the lower/middle end of what 1 ETH will be valued at some point. Heck, it was barely worth 7$ a year ago, and I bet you people were saying the same thing back then "1000$ not possible".

Same thing with the global market cap, what were people saying 3-4 years ago? I bet a trillion market cap seemed pretty impossible.

History repeats itself. People are not rational when it comes to cryptos and we are still in what you could call early stages. It's only been what, a few months now that Bitcoin has gathered interest from the masses. What's your impression? Is marketcap really an indicator? Because when you take a look at Cardano, it looks like a waaay better version of ETH. And as much as I like Ethereum, it's starting to show it's weaknesses and I feel the roadmap and general news about the coin don't make up for the price of 1400$.

So yeah, just curious to see what other's think.

Cheers

Market cap is simplified basis but thus not provide the real time value. It can be a good reference but sometimes its not, most traders use it as standard monitoring but some don't. It still depends on where you're trading at.