StellarTabi [none/use name] to news • 2 years ago$1.2 billion """metaverse""" horrified by report it only had 30 active users.imagemessage-square78 fedilinkarrow-up1139
arrow-up1139image$1.2 billion """metaverse""" horrified by report it only had 30 active users.StellarTabi [none/use name] to news • 2 years agomessage-square78 Commentsfedilink
minus-squareUlyssesT [he/him]hexbear8·2 years ago a crypto market cap of $1.2 bil, and certainly not that much investment Does a market cap mean anything meaningful at all if that's the case? link
minus-squarefox [comrade/them]hexbear5·2 years agoIt means someone bought a share or ownership NFT or whatever in it at X maximum price. Since there are Y such shares available, the market cap is X * Y. Basically it's just the number you get if you turn 100% of the shares into cash. link
minus-squarejkfjfhkdfgdfb [she/her]hexbear1·2 years agoit's finance capital bullshit of course it doesn't link
Does a market cap mean anything meaningful at all if that's the case?
It means someone bought a share or ownership NFT or whatever in it at X maximum price. Since there are Y such shares available, the market cap is X * Y.
Basically it's just the number you get if you turn 100% of the shares into cash.
it's finance capital bullshit of course it doesn't