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Warmy

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Warmy

Re: Penny Masters post# 279

Friday, 05/14/2021 7:27:39 PM

Friday, May 14, 2021 7:27:39 PM

Post# of 57724
Can you not read? I posted an image of a token that has a market cap of over 3 quadrillion dollars.

"Real dollars" do not correlate to market cap valuation.

Let me make it simple...

If you buy 100 apples for $0.01 each, there is $1.00 invested.
If you price the apples for sale at $1.00 each, the "market cap" of those apples is $100.00.

The market cap of the apples is not based on how much was invested. It is based on current price. The current price is determined by demand and availability. Availability is determined by holders.

Hold and demand a higher price and it goes up.

This is the most basic of economic principles.

All IMHO

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