Exit Plan: Prior ATH Price or Market Cap?

Hey there, cryptonauts! I have a question about exit strategies and inflationary altcoins. This question deals with inflationary tokenomics, increasing circulating supplies, and how it affects price action. I’m writing this as a post in hopes that it may help others with similar concerns.

If one plans on creating a priced-based exit plan for an inflationary project using numbers from the last bull market, wouldn’t it be better to look at the prior all time high market capitalization than the prior all time high price? Since the circulating supply of tokens has grown in such projects, won’t it take more buying pressure than the previous market cycle to reach that same price?

To the DCA cult and BTC/ETH maxis: I get that you may hate alts and that there are better exit strats than timing the top, but this is a not what this question is about.