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 only a useful metric if there is liquidity behind it. Otherwise, it’s a trap! Without liquidity, the bigger (market cap) they are, the bigger they fall!
Yohan Harsha Answered question May 13, 2024