It seems really disingenuous to talk about market caps in cryptocurrencies. The US dollar doesn't have a market cap. No currency does. Market cap is the markets valuation of a company. The term is used to contrast it against their actual valuation. The use in crypto is just a mechanism to dress them up like stocks.
If you call these currencies, then you need to recognize that they are extremely deflationary and will never be used as fiat currencies are. If you call them speculative investments, you need to realize they're not backed by any actual value.
I haven't done a deep dive on Ethereum yet, so this is mostly addressing Bitcoin and all its derivatives.
If you call these currencies, then you need to recognize that they are extremely deflationary and will never be used as fiat currencies are. If you call them speculative investments, you need to realize they're not backed by any actual value.
I haven't done a deep dive on Ethereum yet, so this is mostly addressing Bitcoin and all its derivatives.