Looking at the index websites we see more than 50 altcoins having reached more than a billion dollar marketcap and a few more are ready to cross the 1 billion dollar mark price.
We observe how Ethereum is valued close to 200 billion dollars market cap. This is basically the market cap of Bitcoin a few months ago. Polkadot at 20 billion dollars, Chainlink at 10 billion dollars, Cardano 17bilion etc. What is the real market cap derived from utility of these coins/tokens? Is Cardano,Polkadot, Chainlink and even Ethereum deserving these prices and market caps, and do you seriously think they can rise even more?
When investing in the top altcoins do you think the market cap is not important in your judgement to find if they are perhaps overvalued?
Please keep it civil in your replies, I am not attacking any of your favorite bags, just pointing out something that you should remember. Most altcoins will lose 99% of the price they have today as it happened again and again. There are very few alts having fundamentals to support the current valuation.
New or old coin growth is always included in the total supply. Altcoins are here to pump without any limitations. Total market cap could reach 5 trillion, so billion USD isn't a big deal. More altcoins or new altcoins could reach billion USD. We can fix limitations on only old top altcoins pumps. As exchange, demand and volume altcoins price we can predict easily.