I'll start by stating that I like Hopium as much as anybody else on this sub, thinking about my small bag of crypto shooting up in price so I can call my boss and quit in the morning is great.

But you know what I like more than Hopium?

Knowledge!

I after reading some comments on this sub I feel like a lot of people could avoid losing money if they simply understood Market cap.

Definition

For a cryptocurrency like Bitcoin, market capitalization (or market cap) is the total value of all the coins that have been mined. It’s calculated by multiplying the number of coins in circulation by the current market price of a single coin.

Example

• If Cryptocurrency A has 400,000 coins in circulation and each coin is worth $1, it’s market cap is $400,000.
• If Cryptocurrency B has 100,000 coins in circulation and each coin is worth $2, it’s market cap is $200,000.
• Even though the individual coin price of Cryptocurrency B is higher than Cryptocurrency A, Cryptocurrency A’s overall value is double Cryptocurrency B’s.

Understand that most shillers don't understand Market cap or are lying to you, look at the example below to see the predictions so called crypto experts are pushing on youtube. (I searched for CRO and took a couple of screen shots)

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https://preview.redd.it/5zusgth8n2x81.jpg?1284&format=pjpg&auto=webp&s=2190bf7f323f3c77ff25cb29154fd7a817961888

You can see they are predicting the price of CRO to go anywhere from $10 to $300, is this possible?

No, its not

you can use this website to compare market cap of different coins to get an idea of what a realistic price point is. (https://www.marketcapof.com/)

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https://preview.redd.it/tub8q72co2x81.png?888&format=png&auto=webp&s=14e2b995e3b5a6377f53fb4bda84f34b7709d799

https://preview.redd.it/6j0sy92co2x81.png?920&format=png&auto=webp&s=57dfab5cbdbd61cde6007b0078fad9a7cd9a3e3f

https://preview.redd.it/brffxb2co2x81.png?792&format=png&auto=webp&s=3c0ed5c4e95ef1de363a2ad3b5d03e139594a411

So even at the market cap of bitcoin CRO would only hit $29.28

so no CRO will not hit $300 a coin just because BNB is around $380 and they are both exchanges.

The faster you learn what is realistic the better off you will be.

Also avoid crypto youtube, they prey on the gullible and will only cause you to lose more money.