Many compare MC (Market Cap) to its FDV (Fully Diluted Value) to evaluate a token's true value. But is it actually relevant?
Last run in 2021, gaming Web3.0 DeFi coins were top performers with $$ billions in FDV.
These have since retraced down to $1 billion and the tokens have lost 90% of their price value. Who dumped that $1 billion in market cap causing 99% drawdowns? Most of these tokens, with high inflationary tokenomics or VC's dumped their bags.
