ALGO market cap is 3.6B, the same as in 10 April 2021. But the price is $0.44 against $1.4
1 min read
Dilution is one helluva drug. Same marketcap, but almost 70% price differences.
This is the market cap chart from 2021. I picked 10 April because it has the same market cap as today:
As you see, the ALGO’s market cap today is very close to that amount:
To reach the same price as back then, ALGO needs to go up by 300%+ to 11.7B marketcap. Holders got dumped on by the ALGO foundation and VCs.
This is the same case with a lot of other VC coins from 2021 like LDO and many others. Which is why people are avoiding the new low-float high-FDV scams this cycle.
Inflation is good in moderate amount, but not this much.
submitted by /u/noviwu97
[link] [comments]
