🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
Talking about this Market Cap issue, many people talk about the ununlocked selling pressure of XX coins, how many times the Market Cap and how much Circulating Supply is needed to come in, in fact, it is wrong to think about the stock market or currency market in this way. There is no need for so much money to come in, the coin price just reflects the current trading price, and the Market Cap is just the valuation at the current price. For example, if the Market Cap of this coin is 10 billion and wants to double to 20 billion, do you need 10 billion money to come in? Where does so much money come from? Completely wrong, you have 10 billion and may even get its Market Cap to 100 billion, as long as you have the ability to control his current long-short relationship. The Market Cap will evaporate out of thin air, and it will also be generated out of thin air, and it is not necessary to actually bring so much money in, and the Market Cap depends more often on how the trader operates.