Part 3/8:
It's crucial to grasp how market cap impacts the feasibility of price predictions. For instance, certain coins like Dogecoin (Doge) have the potential to reach a dollar, which would imply a reasonable increase in their market value. On the other hand, coins like Shiba Inu reaching a dollar presents a nearly impossible scenario due to its circulating supply, vastly exceeding overall world investment capital.
Investors are encouraged to utilize CoinGecko’s category sections, which break down various aspects of the crypto market. Here, they can explore sectors of interest, such as Layer 1 blockchains, smart contract platforms, gaming, AI applications, and decentralized finance (DeFi) projects.