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<p>[QUOTE=&quot;Kurisu, post: 7531615, member: 117063&quot;]A really important part of understanding the potential of a successful crypto is digging into the market cap.</p><p>Bitcoin is technically one of the largest currencies on the planet at the moment...because it&#039;s the &#039;gold&#039; of crypto. It&#039;s rare and there isn&#039;t that much more to be &#039;mined&#039; but it will take a while to finish mining it because it becomes exponentially more difficult. It&#039;s market cap will be over a trillion dollars.</p><p><br /></p><p>The simplest way to explain is that for people saying DOGE coin will hit $100 (currently it&#039;s 60 cents)...well that would mean that DOGE&#039;s market cap would be over 15 times the size of bitcoin&#039;s...highly unlikely lol. Based on the total number of coins which can ultimately be mined and their potential values.</p><p><br /></p><p>Some crypto&#039;s doomed to fail are ones which have theoretical market caps based on ultimate total of coins which are in outer space...Some small coin which will mine so many coins it would potentially have a quadrillion dollar market cap...well that&#039;s bigger than the planet&#039;s total cash.</p><p><br /></p><p>For perspective...Bitcoins are being mined at the rate of about 1 every 10 minutes and slowly taking longer and longer...DOGE coins are being mined in the thousands per minute.</p><p><br /></p><p>Here&#039;s a fun tool... you choose a crypto and it will guess what the theoretical max price is per coin based on the total number of coins which can be mined by other cryptos and compare the market cap prices. The simple way to think of it is that if the total bitcoin market cap is a trillion dollars once there are no more bitcoins to mine...it&#039;s unlikely other cryptos total coins will be worth that much.</p><p><br /></p><p>For example...if the total number of DOGE coins when DOGE coins run out is worth as much as bitcoin&#039;s market cap than DOGE coins will be worth about $8 a piece. If DOGE coin&#039;s market cap is similar to Ethereum when it runs out than DOGE coins will be worth about $3 a piece. If Ethereum is worth as much as Bitcoin when it runs out it will be around $9000 per coin, but it&#039;s likely to have a lower market cap than Bitcoin.</p><p>Hopefully I&#039;m making sense here! Here&#039;s the tool <a href="https://thecoinperspective.com/?c=ETH" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://thecoinperspective.com/?c=ETH" rel="nofollow">https://thecoinperspective.com/?c=ETH</a>[/QUOTE]</p><p><br /></p>

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