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Ok anon, today we are going to talk about market cap. Why market cap? Because it is one of the most important numbers you can look at when investing in a token/security. Let's say you find a token on biz, we can call it APE. You see lots of people talking about it, the chart looks ok, maybe you ever saw a picture that made you pp feel funny. So you see that the market cap is $3 billion, wow, that number is so high, that must be a great thing right? No you fucking retard, that is a bad thing. Why? Because the higher the market cap, the less room for growth. Let's break it down into some numbers so you can really understand. So let's say you spend $100 on APE. How much would the coin have to grow before you make $10k? 10000 / 100 = 100x. So you would need the coin to 100x before you make 10k. In order for APE to 100x, the market cap would need to increase 100x, which means it would have to reach a market cap of $300 billion. Just to put things in perspective, the ATH for any memecoin is around $70 billion. So APE would need to reach 400% of the ATH for any memecoin ever. So how can you REALLY make money. You get lucky on a coin that is low market cap in hopes that it someday reaches a high market cap. So lets pick GOHO as an example. The market cap is roughly $280k, price has stabilized from recent pump. If GOHO were to reach 10 mil market cap, that would be a gain of 4000% (40x) from whatever was invested right now. Dog with bat reached an ATH of 250 mil, so if GOHO hit that mcap of 250 mil, whatever money was invested today would grow 100000% (1000x), and it would grow 4000000% (40000x) if it reached SHIB levels. So when you pick a project you are going to invest in, keep this shit in mind. And next time some SHIBfag says that it is going to reach 1 cent, just remember that they are basically saying SHIB is going to have a $10 trillion market cap, which is 3x the size of Apple stock. Ok thats all I got. Who's got questions?
I cant believe no one is talking about this on biz. I havent seen a single thread. The dev is about to drop a preview of the marketplace. Expect a 10x by next week.. dumping some info- AstroZero (Elonone Marketplace) offers: $0 gas Minting. 0.25% buy/sell/trade fees using native token Elonone. Industry low! 0.75% for ETH (or several others), industry low! DROPS to create up to 10,000 NFTs with rarity properties and built in royalties on hosted marketplace Smart Contracts- that you own! Rocketdash- a 3D NFT P2E game designed to drive traffic to and exploit AZ and E1. Developer with multiple $Billion projects under his belt. This project is his “baby” and “legacy”. Astro is fully committed to true DEFI and the “individuals” it should benefit. Not corporations, VC’s, and elites taking even more. Artists are begging for a marketplace build with the users in mind and no minority ownership to wreck the project. Dev only owns about 1.6% of the total supply. Vitalik Buterin was gifted 50% of the supply, elected to burn 39% after learning of the projects vision while keeping the rest (most assuredly for charitable donations as he did with SHIB). Co-promotions with multiple top (50) crypto projects. Layer-2 speed/costs with ETH contract security. A SOCIAL NETWORK element (yet to be seen within an NFT community) connecting Artists with fans to build communities as they see fit, on their terms. Team… Committed and capable Core, and 1000’s of committed artists, some with global $billion networks already in place.