Can you explain a little more about this? Whats the correlation of market cap and upside potential?
Market cap is price x circulating supply. Market cap is what the cryptocurrencies are ranked on - So, Bitcon is number 1 as it has a market cap of $240B - Market cap is the projects valuation in fiat currency.
Many people think that a coin with a low price can grow more than a high coin price, which is completely false. Take Verge for example, there is currently a circulating supply of 14.4B XVG tokens and each one is $0.22, which gives us a $3.3B Verge market cap.
I've seen countless people say they cant wait until Verge reaches $100 a token. I mean, if Litecoin can, why can't Verge?! Well, it would need to grow 45400% percent - These massive figures are possible in the crazy-crypto-world. But this would give verge a market cap/value of $1.5 Trillion. Only $100 a token, but a valuation of $1.5 trillion. Extremely unlikely for that project.
Another example is Ripple. Only $2.36 a token, yet has the second highest market cap. Can this really grow 10000% easier than VeChain (or other big projects with much lower market caps). Who knows...
Basically, what I'm trying to say is this - To get an idea of a projects upside potential you need to look at the market cap, not the price.
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