In my opinion, market caps or "Market Capitalization" are a farce. The reason behind this thought - all pricing is based on supply and demand. Think of it this way - if everyone came to the market to sell any commodity all at one time, what do you think the average "sell price" would be that is executed? I can tell you it will not be anything close to the "peak price". For that reason, to say that ANY coin or commodity is valued at (coins or shares out) x (current price) or "Market Capital" is a massive overestimate at best and a farce at worst.
You are viewing a single comment's thread from: