Is market cap not the Current value of bitcoins in circulation X Current price of bitcoins???
Is it just "Volume" that you are saying??? Because if these numbers are baseless, then what is the base that should be used to calculate the actual worth of Bitcoins' cap???
the answer is simple there is no actual "worth" of bitcoins by measuring the cap vs price...
simply you dont base bitcoins infrastructure and economy on the market cap.
i can make an alt tomorrow with 5trill coins. put just 1 coin on an exchange and sell it to myself for $1.. and suddenly my alt has a $5trillion market cap, all for the cost to myself of 1cent(1% exchange fee of the $1 trade)
you base bitcoins "value" on its UTILITY
but that involves not using stupid todler level maths. but actually look at the bigger things like monetary value of combined asics. the real audited worth of companies actively in bitcoin and other things.
but thats too complex for some people to understand/measure