Don't just look at the coin's price, understand the coin's market cap too! ๐
Many people think:
๐ A $1 coin is cheap
๐ A $100 coin is expensive
But that's not the truth in crypto.
"๐น Market Cap = Price ร Total Supply"
Simple example:
If a coin's price = $1
And the supply = 100 billion coins
๐ Market Cap = very high (already expensive)
If a coin's price = $100
And the supply = 1 million coins
๐ Market Cap = small (room for growth)
Therefore:
๐ A low price doesn't mean it's cheap
๐ Don't assume a high price means it's expensive
Market cap tells you: how much the coin has already grown or how much potential for growth it still has.
How much scope for future growth is there?
๐ Smart investors look at the market cap first, and the price later.
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