Market capitalization (aka supply*price) does not correctly represent value specially for altcoins with no cap and a massive premine.
Market capitalization of altcoins is very fake and distorted by massive pre-mined coins, tokens from founders and core team members. Newbies in the market, altcoin investors must be very cautious with altcoins and their market caps!
Bitcoin vs. Altcoins – projected MarketcapThanks for pointing out this write-up. Everybody investing in altcoins / memecoins should know about these things before they invest.
My project,
Haypenny, seeks to be an honest and safe marketplace for altcoins / memecoins for the average consumer. With so much dishonest crap out there, our business model is to provide consumers a safe place, e.g. a marketplace with strong and enforced rules that protect consumers from fraud and misinformation. We're definitely going to add this write up to our site (in some format, not sure how yet).
My view is that the more information consumers can learn, the better it is for the long term health of the market. This is an aside to this conversation, but I'm glad it came up!