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You have a lot bigger piece of the moon pie than you think

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by COINS NEWS 252 Views

One thing that is clear is that too many people misunderstand the value of a crypto as whole, relative to the amount that is supply. A part of what makes Bitcoin a scarce commodity, outside of its finite production is it's supply.

Moons - CoinGecko

Moons - CoinMerketCap

With Bitcoin we have a potential total supply of 21,000,000 which in the scheme of things is incredibly low, with the same market cap but 10x as many coins (210M), each Bitcoin should be assumed to be 1/10th the value as it is currently.

Many other cryptocurrencies like Ether have 5x the supply, with others like DOGE having 6,000x the supply in circulation.

Before the next distribution, moons only have 63M total supply, when all have been distributed there will be aprox 250M.

Have a look at TheCoinPerspective to get an idea of just how low the volume is compared to other coins, how much of that moon pie you have and how much it would be worth relative to the market caps of other coins.

I'm not saying that moons will flip DOGE etc, but Reddit is in a very unique position where it is in the most visited websites in the world with 1.9 Billion monthly visitors. If moons where currently the same market cap as DOGE, each moon would have a value of over $400 per moon.

Only participants in this subreddit, who have opened their vaults are recieving moons, this is a suprisingly small amount of this subreddit as it is.

$1.00 is not a big number relative to the supply and market caps of other coins with smaller potential userbases, If you are thinking about selling your moons, have a look at this blogpost bragging about trading 17,500 moons for $2,000 back in February, that would be worth over $5,000 today.

submitted by /u/Jimbuscus
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