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RE: Why Bitcoin Could Reach $23,000 Soon
So assuming that a really good alt-coin could reach 10% market while bitcoin should have between 30% to 50% at most times, then if we take for example digibyte(DGB) that has 21.000.000 max coins, its 1000 times the amount of bitcoin
so even if DGB is a huge success and holds 10% of market, and bitcoin holds 50% .. dgb value should be 1/5000 of the value of bitcoin
putting a moreorless low value for btc like 15000 that would allow dgb to go up until 3 USD
but outside of this example, do you think this is a valid way to calculate the possible maximum value of a coin?
Market cap is simply Price of a coin X circulating supply. Its exactly the same thing with stocks which are Price of a share X Oustanding shares.
It's not a subjective metric, that's literally exactly how it works.