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/biz/ - Business & Finance

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24537636 No.24537636 [Reply] [Original]

I don't understand at all yet why some coins are a certain price and why others aren't. People say Chainlink is overvalued at $13 but then there are things like Litecoin that is at $88 or Maker which is $574 etc. Why are some coins a certain price and others not?
>tfw completely retarded

>> No.24537678

>>24537636
You don't understand how any market works, do you? How assets are valued?

Market cap = $100 M
Number of tokens = 10 M

Price per token: $10

Not that hard heh? Those with lower prices are simply because either the market cap is low, or the volume of tokens in circulation is very high, or both.

>> No.24537684

I fucking hate newfags, and I'm seeing more every day now
The reason is because different coins have different supply OP you retard
We need an /sqt/ like /g/

>> No.24537715

>>24537636
just kys newfag you must have not been here for even a week, lurk 6 months before posting faggot until you are a schizo /biz/ expert like the rest of us.

>> No.24537716

>>24537678

“There is the old story about the market craze in sardine trading when the sardines disappeared from their traditional waters in Monterey, California. The commodity traders bid them up and the price of a can of sardines soared. One day a buyer decided to treat himself to an expensive meal and actually opened a can and started eating. He immediately became ill and told the seller the sardines were no good. The seller said, “You don’t understand. These are not eating sardines, they are trading sardines.”

>> No.24538751

>>24537636
Chainlink there are way more tokens

>> No.24539123

>>24537678
Brainlet take. Market cap is a direct result of the current trading price, not vice versa

>> No.24539182

>>24537684
>The reason is because different coins have different supply OP you retard
If you make your own crypto with just 1 coin could you sell it for a billion dollarydoos?

>> No.24539332
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24539332

thats why XRP will pamp again and again because people like OP (no offense newfag) think BTC/ETH are too expensice and if they cant afford a whole BTC or even ETH at least they can buy a bag of Rippleinos amirite

>> No.24539332,2 [INTERNAL] 

I heard about fairspin sometime ago. Some tricky site it is. But a good one.