The original post: /r/cryptocurrency by /u/noviwu97 on 2024-12-11 14:35:12.
Dilution is one helluva drug. Same marketcap, but almost 70% price differences.
This is the market cap chart from 2021. I picked 10 April because it has the same market cap as today:
As you see, the ALGO’s market cap today is very close to that amount:
To reach the same price as back then, ALGO needs to go up by 300%+ to 11.7B marketcap. Holders got dumped on by the ALGO foundation and VCs.
This is the same case with a lot of other VC coins from 2021 like LDO and many others. Which is why people are avoiding the new low-float high-FDV scams this cycle.
Inflation is good in moderate amount, but not this much.
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