You are viewing a single comment's thread:

RE: All your hopes and dreams...

I think what would have been helpful is not to look at an old token and think that in the new cycle it could reach the old time high, but look at the Market Cap and set your price based on the old time high of the Market Cap. With a lot more tokens in circulation four years later it is really hard to hit the same price target but Market Cap is a lot more realistic target which would inform the price you should try to sell at...

0.00362094 BEE
1 comments

I don't really pay much attention to market cap. It's not something I really understand since I don't really do much with trading or any of that.

0.00000000 BEE

Think of market cap is what you project (coin) is worth overall. Just because Solana issues more tokens doesn't make it worth any more unless they deliver more value in some way. Issuing more tokens makes the price per token go lower while market cap stays the same.

0.00000000 BEE