For those new to this space, it's critical you understand something, Market Cap. The price of your token is almost irrelevant in 98% of cases, what matters is Market Cap.
I have seen continuous confusion on this point, and it's critical to understand.
Newcomers and new investors see coins like Ripple (XRP) and think "This is a cheap coin, this could be the next Bitcoin and it's only $1.25!". However, this is entirely incorrect. Ripple has a 49 billion dollar market cap. The reason it's priced at $1.25 is because there are so many of them. What's a market cap? A market cap is the (number of tokens * the last price traded). So, if you had a crypto that only had 10 tokens, and each traded for $100, and you had another token with a million tokens each trading for $1, the first crypto would have a market cap of $1,000 and the second would have a market of $1,000,000. This effectively means the first crypto is worth $1,000 and the second is worth $1,000,000.
Now, if you had $100 to spend, you might think, I'll get 100 of these $1 tokens, "That's a great deal!". However, you'd be wrong comparatively, all else equal. What I mean is, if you spent your $100 on 100 $1 tokens, you'd own .01% of that asset. However, if you spent your $100 on the token with only 10 tokens total and a market cap of $1,000, you'd own 10% of that asset. Do you see why this is so important?
If you're new to investing or crypto, or if you just aren't familiar with market cap, make sure you understand this. This is how you truly price your assets and how you measure your upside potential. A coin with a market cap of $100 million only has to rise $900 million to 10x, a token with a market cap of $10 billion has to rise $90 billion to 10x. Sometimes the lowest priced tokens are actually the most expensive. Make sure you understand this and use it to your benefit.
GL, and smart investing. :)
Edit: For the record, I was only using Ripple as an example. I was in no way saying not to invest in Ripple. Only trying to use an easy example to explain this concept.
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