📌 Beginners Crypto Lesson: Price vs Market Cap.
Have you ever been trapped by buying a "cheap"
coin?
Alot of beginners are making this massive mistake. They see a coin priced at $0.0001 and think, if this goes to $1, I will be a millionaire, cos It's so cheap.
Hear this, a low coin price does not mean a coin is cheap. You must look at the Market Cap. Here is the simple formula you need to remember: Market Cap = Total Coins in Existence × Current Price
🔹 Let say, Coin A has 10 billion tokens in circulation and costs $0.10. While Coin B has only 10,000 tokens in circulation and costs $100.
They actually have the exact same total value (Market Cap) For a coin priced at $0.0001 to reach $1, it might require more money that exists in the entire world. Always look at the total circulating supply on your app before judging a coin's growth potential.
📌My little advice is this: Stop chasing zeros and start looking at market reality, Protect your hard-earned capital.
$BTC $ETH
#Write2Earn
Have you ever been trapped by buying a "cheap"
coin?
Alot of beginners are making this massive mistake. They see a coin priced at $0.0001 and think, if this goes to $1, I will be a millionaire, cos It's so cheap.
Hear this, a low coin price does not mean a coin is cheap. You must look at the Market Cap. Here is the simple formula you need to remember: Market Cap = Total Coins in Existence × Current Price
🔹 Let say, Coin A has 10 billion tokens in circulation and costs $0.10. While Coin B has only 10,000 tokens in circulation and costs $100.
They actually have the exact same total value (Market Cap) For a coin priced at $0.0001 to reach $1, it might require more money that exists in the entire world. Always look at the total circulating supply on your app before judging a coin's growth potential.
📌My little advice is this: Stop chasing zeros and start looking at market reality, Protect your hard-earned capital.
$BTC $ETH
#Write2Earn