$BTR Why Market Cap Can Mislead You
A coin costs $0.01.
Another costs $1,000.
Which one is cheaper?
Neither answer can be determined from price alone.
You need:
Price × Circulating Supply = Market Cap
A $0.01 coin with 100 billion coins = $1B market cap.
A $1,000 coin with 1 million coins = $1B market cap.
Unit price is not valuation.
A coin costs $0.01.
Another costs $1,000.
Which one is cheaper?
Neither answer can be determined from price alone.
You need:
Price × Circulating Supply = Market Cap
A $0.01 coin with 100 billion coins = $1B market cap.
A $1,000 coin with 1 million coins = $1B market cap.
Unit price is not valuation.