Term of the day: Fully diluted valuation.

FDV prices every token that will ever exist, not just the ones that do.

If only a tenth of supply is circulating, FDV is roughly ten times capitalisation. The gap is future supply that will arrive as unlocks, and it has to be absorbed by real buying.

A wide gap between capitalisation and FDV is a warning about supply landing later, not a bargain.

Right now: BTC at 77,693 (+1.19%), 41 of 60 liquid pairs green, CVC leading at +46.6%.

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Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.