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| Topic | Crypto General #7: This is what sodomy smells like |
| 0AbsoluteZero0 12/31/17 5:59:17 PM #421: | KainWind posted... I know we're supposed to be looking at market cap instead of price, but can someone explain why? I know how to calculate it, but that doesn't tell me anything about room to grow or anything. I'm also led to believe that nothing is allowed to pass Bitcoin's market cap. The price of a coin is a function of its market cap and the number of coins in circulation. Price = Market Cap/# of coins available. Therefore, a higher market cap means a higher price per coin. At the same time, a lower number of available coins results in a higher price per coin than a large circulation. You need to look at both potential market cap and number of coins available to estimate how high a coin might go. The reason Ripple will have trouble gaining a really high price per coin is because it has a 100 billion coin supply. For comparison, Bitcoins max supply is 21 million, a low number that helps it maintain a high price per coin. --- -The Admirable ... Copied to Clipboard! |
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