Institutional investors can't ignore half a trillion market capitalization anymore. {image}
For the folks who haven't seen my previous posts, here’s an example that shows how easily crypto market cap can be manipulated.
Let’s say I create a token with a 10 billion supply, I develop a simple ERC20 contract and deploy it on Ethereum, and on an exchange. I then convince my friend Vitalie Vitalik to buy one of these tokens for $1.
Boom, there you have it!
A token with a $10 billion market capitalization !!
Congratulations to me!
I have now created a promising new project that has received lots of investment.
As you can see, this is all absolute rubbish.
It doesn’t mean $10 billion was invested in my token and it in no way helps in understanding its value.
The reality is, it’s worth nothing.
Market cap only serves to obscure and create a false sense of value when actually it’s just a multiplication of the last transaction price by the circulating supply.
Member
That means they can greatly influence the price by either taking their stash out of circulation by hoarding it, or by pouring more supply in by trading it. Spare me of your bullshit rainbow formula ! 
BUY HIGH and HODL, and you will get fkd sooner or later, you merry crypto imbeciles !! 
