dependence

💥MY WHOLE LIFE EXPERIENCE IN CRYPTO 🥶

🤔Q. Why is $BTC 's price close to $80,000 AND Why isn't $BTTC 's price, or the price of other regular tokens, as high as BTC( Actually who decides the price)?

🤫A. The main and biggest factor is the ratio between market cap and the total number of coins or tokens in circulation.

e.g.
BTC has a maximum supply of 21 million coins, with a market cap of approximately $1.61 trillion( That's why it's price ≈ 80k)

$ETH has around 122 million coins in circulation, with a market cap of approximately $287 billion( That's why it's price ≈ 2k).

Now look at BTTC, pepe, SHIBA,....! 👀🔥
With approximately TRILLION tokens in circulation, a $1 price would give BTTC a market cap of approximately $965.41 trillion! 🤯
That would be roughly:
🚀 600 times Bitcoin’s market cap
🚀 3,360 times Ethereum’s market cap
NOW THINK 🤔!!
IS THIS POSSIBLE ?
I know well that other factors effects the price but not so much!!!
So, always do your own research before making any decision instead of following the hype created by others and ending up with losses.
#CRYPTOPRICE #DEPENDENCE