Hello,
I have a question, which I couldn't understand. What determines the price of an ALTCOIN?
for example:
ranked 4: Cardano price is 0.95 USD .... market cap: $30,158,999,828
while
ranked 5: Polkadot price is 25.14 USD .... market cap: $24,025,000,997
on the other hand,
ranked 21: Avalanche price is 46 USD .... market cap: $3,610,321,000
What did I miss here ? why for example cardano is cheaper while avalanche or balancer coin has lower market cap but they are expensive than cardano and Polkadot ?
thank you in advance.
of ourse the power of buyers and sellers my friend, and high market cap will not make the price high if the project has a lot of supply
and low marketcap will has a good price if the supply was low