market cap is bullcrap bubble number.
i can make an altcoin with 5 trillion coins.
put just 1 coin onto an exchange sell it to myself for $1..
thus my coins are now valued at $1 a coin.
making the market cam $5 trillion.
Be honest.
If it were that easy, everyone would do it.
Which means, its not that simple.
well the maths is that easy.
yes i simplified the bureacracy of getting a crap coin accepted into an exchange(separate offtopic debate).. but the
maths of how the market cap is 'valued' is correct