[esotericn]

Because the market cap of the tiny "currencies" is total bullshit and is based on two guys trading with each other, it's like me buying 0.0001% of your company for $1 and then you claiming it's worth $1M.

Bitcoin Gold is not seriously used by anyone.

The larger currencies are slightly more reasonable but even then the valuation is unhinged because, for example, a lot of Bitcoin has probably been permanently lost.