TITAN was at $60 two days ago, now it's at $0.00000003. Here's why you shouldn't YOLO in (and yes it's market cap)

TITAN's crash was really absurd, I personally haven't seen anything this extreme yet. It crashed almost 100% in a few hours and now sits at 0.00000005% of its ATH. That's something. I've seen many people in the past two days ask stuff like: "sure, it won't recover from that. But what if I just invest like $10, if it goes back to even just one cent, a tiny fraction of the ATH, that would be a ton of money!"

And yes, it absolutely would be! And that alone should be enough to tell you that it can't be this easy. The thing is: because of how that whole network works, a lot of TITAN was printed when it crashed.

10 days ago, the circulating supply was 116 million. Now it's 34 trillion, or 34,000 billion, or 34,000,000 million. Yeah, that's a lot. So let's consider the market cap, which is:

Market Cap = Circulating Supply X Coin Price

A coin price of 1 cent would mean a market cap of 344 billion, putting it on the #2 spot, higher than ETH. At 2 cents it would get close to BTC, at 5 cents its market cap would be higher than all other crypto combined.

On iron.finance, the creators of the coin state "WARNING: Please don't buy TITAN or IRON.". Listen to them. This coin doesn't have a chance to go up again and as always, coin price is a bad indicator, even if it used to be higher.