Why do Cardano memecoin market caps seem way way way exaggerated
Why do Cardano memecoin market caps seem way way way exaggerated
Can someone explain? I’ve seen coins with a supposed 15mil ADA market cap drop 15% because one person sold 30k worth. Yes everyone talks about MC like it’s accurate.
Yohan Harsha Answered question May 13, 2024
Market cap is just the last order price multiplied by the supply. It’s only really a useful metric for highly liquid markets.
Gihan Wijethunga Answered question May 13, 2024