Something fun I wanted to write up because people like to mention market cap as the "pricing" structure for upcoming coins. this is a comparison list of a few top coins based off of Bitcoin's $2500 price with a 42 billion dollar market cap, compared to other coins based on their market cap.
The below list is just a comparison, no one is saying that the price is determined based on market cap or should be determined but Bitcoin in anyway, this is just a look at things when people compare to market cap.
Bitcoin - 42B market cap - $2500 price
Ethereum- 26b market cap - $280 price
Its 62% of BTC's market cap, but only 11% of the price, tons of room for ETH to grow, if you base the price on market cap price ETH should around $1525, think about that.
Ripple - 10B market cap - 0.25 price
Only a 4th of BTC's market cap, but we don't need to go into details about ripple haha
Gnosis - 3.3B market cap - $332 price
Its 7.6% of BTC's market cap, based on that the price should be $190, its growing crazy and is up up up there in comparison.
Litecoin - 2.4B market cap - $48 price
Its 5.71% of BTC's market cap, based on that the price should be $142, its growing but no where close close, only about a 10th of the price right now, should be a crazy boom soon.
DASH - 1.3B market cap - $180 price
Thats only 3% of Bitcoins's market cap, making the price $75 based on market cap, so it is 2.5 times higher based on market. If we based it on BTC market cap, if DASH were to hit a 40b market cap, price would be $5400
Thats all I did for now, I was going to keep going but first wanted to see if anyone even cared about this or thought it was interesting haha
Let me know with a comment below if this was informative or stupid! :)
