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by bernf
1435 days ago
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Coin market cap is also a made up term for alt coins. They equate it to how MV of a company is share price * outstanding shares. For a coin you can mint a million coins, and sell 5 of them for 10$ (to yourself most likely), and boom crypto exchanges list it as having a 100M Mkt cap, despite liquidity being zero. If it was truly liquid market all of these are worthless. |
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