popular in Crypto times: when observing the potential of a coin or token, they tell you to look at the marketcap as one of the first things.
For example : A token with ...billion mc can not go up .. things.
They say : for going from 1 b mc to 2 b mc, you need to ad 1 b. One b must go into the coin to do that. But it s not, how it works.
I tell you one example to understand, what I mean.
I go to a homepage, where I can create a token. I name it "Wondertoken". It`s a "shitcoin". Than I go to Coinmarketcap and registrate it there. I take a Trustwallet, which now shows the data of Coinmarketcap.
Lets say I created a total supply of 1000000002 Token, which are in my wallet now. My wallet shows a mc (marketcap) of zero.
Now I m looking for a DEX to trade my token. I go to Pancakeswap, connect my wallet and make up a pair : Wondertoken - USDT and put in 2 Wondertoken and 2 USDT and make it public. What just happened? Wondertoken is now at 1USDT! The mc of wondertoken is : total supply X prize =1b X 1USD =1b!
Well now, thats a very engeneered scenario, I know. But my wallet shows 1b now.
Now lets rise that mc to 3X!
I connect another wallet and swap one USDT into 1 Wondertoken, as 2 Wondertoken = 2 USDT, the prize is 1 USDT for the token. Now the pair is : 1 Wondertoken = 3 USDT! WOW. Now the prize of one Wondertoken is 3 USDT. And the mc of Wondertoken is 3B!
Well, now in that example, I neglect many points as slipperage, expenditure...
But maybe it gives an insight, that things in volantile, small markets as crypto may be different as it looks.
Maybe it s helpful for anybody.
For example : A token with ...billion mc can not go up .. things.
They say : for going from 1 b mc to 2 b mc, you need to ad 1 b. One b must go into the coin to do that. But it s not, how it works.
I tell you one example to understand, what I mean.
I go to a homepage, where I can create a token. I name it "Wondertoken". It`s a "shitcoin". Than I go to Coinmarketcap and registrate it there. I take a Trustwallet, which now shows the data of Coinmarketcap.
Lets say I created a total supply of 1000000002 Token, which are in my wallet now. My wallet shows a mc (marketcap) of zero.
Now I m looking for a DEX to trade my token. I go to Pancakeswap, connect my wallet and make up a pair : Wondertoken - USDT and put in 2 Wondertoken and 2 USDT and make it public. What just happened? Wondertoken is now at 1USDT! The mc of wondertoken is : total supply X prize =1b X 1USD =1b!
Well now, thats a very engeneered scenario, I know. But my wallet shows 1b now.
Now lets rise that mc to 3X!
I connect another wallet and swap one USDT into 1 Wondertoken, as 2 Wondertoken = 2 USDT, the prize is 1 USDT for the token. Now the pair is : 1 Wondertoken = 3 USDT! WOW. Now the prize of one Wondertoken is 3 USDT. And the mc of Wondertoken is 3B!
Well, now in that example, I neglect many points as slipperage, expenditure...
But maybe it gives an insight, that things in volantile, small markets as crypto may be different as it looks.
Maybe it s helpful for anybody.
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