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HOW MARKET CAP EFFECTS LEGITIMACY !
1. Trustworthiness:
Cryptocurrencies with high market caps are usually seen as more legitimate since they have strong investor backing and long-term stability.
2. Scam Risks:
Low market cap coins, especially those with sudden price surges**, are often considered high-risk because they can be pump-and-dump schemes.
3. Adoption & Utility: Established projects with high market caps tend to have **real-world utility**, partnerships, and integration in financial systems, making them more legitimate.
4. Security & Network Strength: A high market cap often correlates with a **strong blockchain network**, better security, and more decentralized control. In contrast, low-market-cap coins may have fewer validators, making them more vulnerable to attacks.
