So for this thread to explain how to interpret Market Stats for Fundamental analysis, I will be using the top 4 coins right now. BTC, ETH, BNB & DOGE... do Retweet for others to learn. https://twitter.com/yinkapost/status/1390905352972128258

This is the Market Stats of the No.1 crypto asset in the world, Bitcoin. So WHAT DO THEY MEAN???

Market Cap(italization) = Total Circulating Supply X Price of each coin.
18.7m X 55,982 will give you the 1.079T MCap of BTC.
A $2 coin with 1m CS will have 2M MC

Next is CS..

Circulating Supply (CS) refers to the coins that are accessible to the public.

The Total Supply (TS) refers to the number of coins in existence, i.e., the number of coins that were already issued.

Max Supply (MS) is the maximum amount of coins that will ever exist.

24hrs...

24hrs Volume means the total value of coins traded in the last 24hrs. This is very important as it shows you how liquid the asset is.
You don’t want to go into an illiquid asset with no buyers available when you want to sell.

ROI is the total Profit or Loss since creation...

So here is why I say DOGE won’t ever get to $100.
DOGE (92b) has almost the same MC with BNB (96b) but BNB’s price is $600+ while DOGE is just $0.7. Why? Because only 153million BNB coins shares the 96b MC while 129billion Doge coins are sharing the 92bn MC. It gets worse..

DOGE has no Max Supply, so the owners can wake up tomorrow and add another 100bn coins which will add to the number of coins that will share in the market cap, thus driving down the price more.

This is actually why OGs avoid the coin. It is at the mercy of the owners and...

One person holds 36.7billion Doge of the whole 129bn in circulation.
Another 12 hold 24bn. That is 60bn of the whole 129bn (46.5%) being held by just 13 people. Imagine if they decide to dump? Gobe!
And then there is the use case argument.
So do you see why $100 not possible?

For it to get to $100, it has to do x130+ of its current MC which will be $94bn x 130... IMPOSSIBLE.
Do I have DOGE? Ofcourse I do. Who doesn’t like money.
Do I advice for long term? Nope.
Strategy for DOGE? Buy low (rumor), sell high (news). Rinse & Repeat. Rinse & Repeat.