Greetings,
Can someone clear something up for me regarding the price of cryptos in relation to it's market cap. Recently I made mention of the high cost of Byteballs currency of some $700 and a member on this forum replied with -
Don't look at the price for one GB, take a look at the market cap of Byteball, than you will see that byteball is not so expensive!
-Can we finally please realize the change to MB, I am really sick of this discussions!.
I see market cap as being described as its true value. Beyond this I dont understand this members comment?
There are seemingly two components here i.e. 1) Price of Byteball in relation to its market cap and 2) The change to MB, both of which I do not fully grasp. Can anyone shed some light? Thanks.