Not a bad explanation... but I would also say that MC can help you determine whether a token (or a stock) is fairly valued. This gets VERY tricky with pure cryptocurrencies, but it can be a very apparent metric to compare with the level of liquidity pools against their respective exchange/governance tokens. So if a DeFi platform has $100 million of liquidity, and the market cap of the token is $50 million, I would say it's undervalued.
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Thanks a lot for this explanation