đ© STOP with random crypto price predictions!
You often hear:
âĄïž Bitcoin at $1,000,000
âĄïž XRP at $100
âĄïž Dogecoin at $1
âĄïž Pepe at $1
But nobody talks about the total market capitalization needed for that to happen.
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đ„ The reality in numbers:
đč Bitcoin (21M coins, current price $118,000)
Current market cap: ~$2.48 trillion
Target at $1 million: $21 trillion
đ Thatâs +$18.5 trillion, almost twice the US GDP ($11.7 trillion)
đč XRP (50B coins, current price $3.18)
Current market cap: ~$159 billion
Target at $100: $5 trillion
đ +$4.84 trillion, about 4 times less than goldâs market cap ($22.4 trillion)
đč Dogecoin (140B coins, current price $0.23)
Current market cap: ~$32 billion
Target at $1: $140 billion
đ +$108 billion, close to Walmartâs value ($400 billion)
đč Pepe (20B coins, current price $0.00001255)
Current market cap: ~$0.25 million
Target at $1: $20 billion
đ +$20 billion, roughly Spotifyâs market cap ($20 billion)
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â Donât fall for unit price hype without context.
đ Always think in terms of total market capitalization. The market must be able to absorb that amount.
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#Binance #Crypto #MarketCap #Bitcoin #RealTalk