If a coin has 1 trillion supply, then one coin get sold for $1, that immediately gives the coin a marketcap of $1 Trillion… Wake Up People

Cryptocurrency News and Public Mining Pools

If a coin has 1 trillion supply, then one coin get sold for $1, that immediately gives the coin a marketcap of $1 Trillion… Wake Up People

When a coin has 1 trillion supply, then a few of them get sold for $1, that immediately gives the coin a marketcap of $1 Trillion, even though only $5 or $10 was invested into the coin… This demonstrates how the "marketcap" of some coins is wildly misleading and does not at all reflect, "the overall amount of money invested in the coin" as it is often thought.

So when you see a utter shitoin like Shiba having a $34B marketcap, please don't misunderstand that as meaning "$34 billion has been invested into this coin". THere could easily just a million or a few million or a few hundred million invested into it, and it can have a marketcap of $34 billion. These overinflated coins can crash so fast, so be careful holding them.

submitted by /u/Podcastsandpot
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