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Don't check last ATH price, check the market cap!

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by COINS NEWS 53 Views

I read the post " Now that we are on the upswing I calculated how much a coin would be worth with a 1K investment if it ever reaches back to its all time high. " And I needed to make this post, since there is a lot of misconception regarding on ATH

You don't only calculate ATH base on the last price but rather the marketcap. One example, a coin that went over hyper inflation during the last bull

GRT ATH: 2.4$

market cap: 2.8B

GRT now: 0.16$

market cap: 1.3B

Meaning that if we to get back to the ATH the mcp would need to be 19.5B, meaning that the amount of money to reach that price will be A LOT HIGHER. Sorry for the people who are holding GRT at those prices, probably will never break even

Coins have inflation, remember that when researching a project.

Some coins have 2.5% other 10% or even 100%, if you compare only the price you are in for a bad time when you realize that that easy x20 is just a x3.

Anyways, ETH is deflationary right now, BTC has low inflation, other coins too so comparing the price there isn't a bad indicator, but in other cases like GRT is a different story

Here is a list of high inflation ones, https://coinmarketcap.com/watchlist/60bc93916598e4bf3852e6f7

Another example, look the marketcap of this project https://coinmarketcap.com/currencies/immutable-x/

submitted by /u/mishaog
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