Market cap is the only thing what we should care about.

[Chinsmokers]

Market cap is just the basic informative for us to know and trace the trading volume of an specific token. And it is manipulated easily so it doesnt really matter and it doesnt affect the price

[1715499728]

1715499728

[DeadCoin]

The primary would be the marketcap. But the concern team who has to care about it and as a trader we need to keep looking into it along with thw volume tge coin us traded at. Based on the marketcap, number of traders go towards the concern coin. This confirms a certain move in trading.

[Okity21]

you need to take care of market capitalization and constantly be in the top and up to date with all the news.
Only those market players who acquire valuable knowledge in the market will be guaranteed success.

[chocopapaya]

A half agree with you, half disagree.
Yes, crypto was way overvalued in 2017.
When we look back, it was crazy to think that could continue.
The 2018 crash makes a lot more sense in retrospect.

however, I 100% believe crypto can reach it's previous value and exceed it.
Of course, it is impossible for all coins to reach those crazy values.
But what is more important is that crypto will be around forever.

Just like the dot.com bubble, the internet survived that.
Yes, many companies failed, but the good companies survived it and are even more valuable today than back then.

We will see the same thing with good projects.
Projects that have actually real world utility.
These are the ones that will end up bringing even more value.

[bitcoin31]

I don't think the markte last 2017 is overvalued because I think they have higher price will cone compared to the 2017. Maybe it's not today but for sure it soon to happen. Market cap is what we care about because of this we can analyze if the market is good or bad.

[romaleshc]

Why do you think we should only care about Market cap while there are so many things we need to care about like trading volume, exchanges listed on, team behind each cryptocurrency,.... A good cryptocurrency will have good team behind, be listed on good exchanges and has very high trading volume but as I can see on Coinmarketcap that not all high Market cap cryptocurrencies are good .

[HappyCaptain]

We will see the same thing with good projects.
Projects that have actually real world utility.
These are the ones that will end up bringing even more value.

this is so true! the market value always go up or down but the good projects will stay in the crypto industry while unworthy projects or no real-life use will be eliminated. when that time happens we will see the real value of any cryptocurrency.

[trader34]

Hi, I have just realized, that crypto was really overvalued in 2017 and probably we will not see these prices again.

Look for example on Ethereum: https://coincheckup.com/coins/ethereum/predictions - Ethereum ATH price was 1500USD it equals 4% of all M1 money in the world, that is lot of money!

Or people think that Bitcoin can reach 100,000USD - it equals 10% of all M1 money in the world.

Don´t you think that the hype of crypto is over?

The market cap estimate does not actually show all the money that entered the market. It only indicates the value that the coin would have if all the circulating supply was sold at market price at a given time (which is unattainable, because when a lot of people decide to sell the price will collapse). So a relatively small amount of money is enough to raise prices and therefore the market cap.

[abojamal]

Market Cap in crypto isn't so accurate, just letting you know.
Market Cap in cryto doesn't reflect the REAL FIAT money coming in, most people don't know this FACT.
Market Cap can be manipulated by the same cryptos over & over again with the same FIAT money !!! YES that's so true & people still don't know this.
The real Market Cap of crypto is so ambiguous so far even though we're crypto is 9 years old now.
The real Market Cap will come once the real monetary institutions comes in & we know how much Real fiat got in & out, that's the only real market cap.

Your words may be true
But we are dealing within the available  limits informations  to us
The Market Cap number is a very vital and important figure.