Why some cryptocurrencies are worth $40,000, while others stay at $0.40
Market capitalization and asset supply factor into prices, but could any token be worth $1 million one day? At the time of publication, one Bitcoin (BTC) values $47,247, while one Dogecoin (DOGE) is worth around $0.068. If you are new to crypto or markets, you may initially think: Hey, DOGE is cheaper than Bitcoin, and if it picks up enough steam, maybe it could catch up to BTC and rise over $20,000, too. This way of thinking, however, is illogical. Why? Market capitalization and asset supply. Market cap is the combined dollar value of an asset’s circulating supply. It changes as the value....
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