24 hr volume/market cap means people don’t trade, they just believe. There are only 4 coins with under 3% of the market cap traded per day. These are the 4 coins that holders believe in the most. They prove this by HOLDING. $BTC: $2.1 trillion $XRP: $133 billion $GIGA: $200 million $DOGE: $26 billion Just like NFTs, people will lie about conviction and holding, while anoymously selling, but the data doesn’t lie. This isn’t to be like a cringe KOL and say the $GIGA re-pricing will be obvious, that is guaranteed, but the paradigm shift will be swift. People will change from using dumb metrics like volume or holder count to judge meme coins. When vol/market cap is one of the main metrics, people will quickly realize how toxic the shit they hold is. It will be obvious that these daily runners with 1000% vol/market cap are farms. It will be obvious that these 10%+ vol/mc high caps are simply “Trading Coins”, stunted by their lack of believers. “Stop trading and believe in something” can be quantified.
this doesn’t apply to your sub $20m coin. if theres no volume on those things theyre probably just dead.
16.54K
62
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.