• StupidBrotherInLaw@lemmy.world
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    5 hours ago

    I read your comment, thought it’s impossible that you’re right, and took a beat to verify. You’re entirely correct. Crypto truly is this stupid.

    • Buddahriffic@lemmy.world
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      36 minutes ago

      The same method is used to determine market cap of publically traded companies. Whatever the most recent trade price was * total number of shares = what the company is supposedly worth.