Let's talk about circulating market cap and FDV.
FDV (fully diluted valuation) = the current price multiplied by the token's maximum supply—in other words, the valuation assuming all tokens are in circulation.
To be honest, this is something I only understood later: when comparing similar projects, look at both circulating market cap and FDV. Don't compare just one of them.
$BTC has a maximum supply of 21 million coins, and most of them have already been mined, so its circulating market cap and FDV aren't that far apart.
Understand the rules before you act. Don't make decisions based on gut feeling.
FDV (fully diluted valuation) = the current price multiplied by the token's maximum supply—in other words, the valuation assuming all tokens are in circulation.
To be honest, this is something I only understood later: when comparing similar projects, look at both circulating market cap and FDV. Don't compare just one of them.
$BTC has a maximum supply of 21 million coins, and most of them have already been mined, so its circulating market cap and FDV aren't that far apart.
Understand the rules before you act. Don't make decisions based on gut feeling.