Hello
so i am aware of the hard fork that generated BTC cash and the hard fork that will generate BTC gold, but what confuses me is the prices and market caps that these coins gains so fast !!
i was here when BTC cash is forked, in the first hours it reached 10B market cap !!
does that mean that the whole cryptocurrency market increased 10B ??
is it like 10B $ just transferred to the crypto world from fiat ??
Because it's a fork, there are a lot of
existing coins in circulation.
Whereas a brand new coin will only have a few coins in circulation, and hence their market cap will be lower, regardless of the price per coin.