Theres no way LINK marketcap can get that high!

Marketcap is a metric to compare the current value of similar assets. Market cap is an extremely important metric. You’re literally retarded user.

If I release two coins that are exactly the same except one has a total supply of 100 and the other a million do you think their prices will be the same? Want to make a bet? What does the price of either coin tell you if you don't know the supply? Absolutely nothing.

Volume and order book depth give some idea about buying pressure, ignoring spoofing/wash trading etc.
I can print 10 trillion ERC20 tokens and sell one for $1 and boom, $10 trillion market cap. There's your "extremely important metric".

Its the worst metric there is

>I can print 10 trillion ERC20 tokens and sell one for $1 and boom, $10 trillion market cap.
What an amazing insight, I'm sure nobody has ever thought of that.
In practice your example only works if all but one of 10 trillion tokens were locked, not accessible on the markets and then the liquid market cap is $1. If buyers know there are 10 trillion locked tokens to be released at an unknown future date buying one for $1 now when only one is available is likely a bad idea unless you have reason to believe there will be demand for 10 trillion tokens at a higher price.

Price alone is much worse. It contains no information at all unlike market cap.

>market cap
>currency

lets see the market cap for copper, oil and the spanish peso

there's no reason to measure the market cap of commodities and currencies. They're too big.

Exactly. Thats why the argument against XRP that “the market cap can’t possibly be that high!” Is brainlet tier fud. It literally is an irrelevant form if measurement for maturing markets.
2KEOY

None of that addresses my point that market cap is just a crude multiplication that only gives partial useful data at best. The fact you start breaking it down into semantics like "liquid market cap" proves my point.

price dictates mcap. not the other way around brainlet.