>Doge
Isn't this an odd example to use since it was created to be a parody of cryptocurrency, or did I mix up my crypto-history?
Isn't this an odd example to use since it was created to be a parody of cryptocurrency, or did I mix up my crypto-history?
If I issue 100 trillion “runeks”-tokens, and sell you one for one cent, this crypto will have a “market cap” of 1 trillion. But that doesn’t mean it’s either useful or successful.
Your example shows there’s something wrong with using market cap to measure the success of cryptocurrencies, not that Dogecoin is successful.