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It still amazes me how people don't have a basic understanding of market cap

All Cryptocurrencies

by COINS NEWS 218 Views

EVERYWHERE i go i see something like "*shitcoin* to $1" or "we can at least go to $0.01 right?".
So i'm here to explain simply why it's just impossible (note that all these shitcoins have a crazy supply of 1 quadrillion or more)

Market Cap = s \ p*

s being the total supply
p being the price

Therefore: if a coin reaches $1, the market cap would be $1,000,000,000,000,000, which is over 3 tims the total world wealth source

Even if it reached something like one cent, it would be worth more than Bitcoin.

So no, your shitcoin isn't reaching a dollar, or a cent. Learn basic math and dont buy shitcoins

submitted by /u/Borislimbas
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