[lariati]

Not to mention the "market cap" is complete fiction.

I think you can notice this best on a new coin. I was looking at chia for whatever stupid idea they had with proof by useless storage.

https://coinmarketcap.com/currencies/chia-network/

If you go to the 5 year market cap chart, it goes from 0 to 342 million when offered. That is 342 million dollars out of thin air backed by nothing.

Now it is at 248 million but there is no future cash flow that is being valued at 248 million by the market as it was an equity. It is really -94 million but the 248 million is still being summed into that bogus total market cap.