Topic: Newbie and market caps (Read 115 times)
It's good you study the coinmarketcap very well before you invest in any cryptocurrency. Most cryptocurrencies with high circulating supply of billions will hardly reach $1. The coin performance sometimes depends on the concept of the coin project and its impact on the users in the society. Thus a careful study of the market situation of the coin is very important. Look before you leap!
Depends on the coin, but yes you are correct. It's very unlikely that a $.10 coin with a billion dollar marketcap will ever be the price of bitcoin. I mean, a 112 trillion dollar marketcap is out of the question for any coin or even the market as a whole.
Just to be clear, I'm not saying that a billion dollar marketcap coin would be a bad investment. You just won't see the crazy returns that some small cap coins experience.
Just to be clear, I'm not saying that a billion dollar marketcap coin would be a bad investment. You just won't see the crazy returns that some small cap coins experience.
at some point you are correct, it wont reach BTC price, but it can still make very good profit
So trying to self-educate and I've been reading a lot on this forum for a couple weeks now but looking for some specific answers;
I have been trying to understand market cap and I get how to determine if a 100x increase is feasable or not but I'm confused where there are a lot of members who say hodl a certain coin for long-term gains and price is under 0.10 with a market cap of 1 billion - doesn't that mean it will be very hard to see a huge return though growth may not be out of the picture? If it's already at 1 billion, that doesn't mean it will reach the prices of BTC, correct? Sorry if I sound dumb, just trying to put information together to make sense of how to evaluate coins
I have been trying to understand market cap and I get how to determine if a 100x increase is feasable or not but I'm confused where there are a lot of members who say hodl a certain coin for long-term gains and price is under 0.10 with a market cap of 1 billion - doesn't that mean it will be very hard to see a huge return though growth may not be out of the picture? If it's already at 1 billion, that doesn't mean it will reach the prices of BTC, correct? Sorry if I sound dumb, just trying to put information together to make sense of how to evaluate coins
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