"Hey everyone! ๐ Ever wondered how much to invest in a coin to predict its price movement? It's simpler than you think! Just use this formula: Price of coin = Market cap / Circulating supply.
Let's break it down with an example: Say a coin has a $1 million market cap and 250,000 in supply. Plug it into the formula, and voila! The price is $4.
Now, let's dive into a real-world example: POWR. With a market cap of $159.27 million and a circulating supply of 512,375,110, the current price sits at $0.3108.
But what if you want to predict the impact of an investment surge or slump? Easy! Calculate the price before and after the change, then find the difference.
Hope this breakdown helps! If it did, give it a thumbs up ๐ and hit that follow button for more insights.
Thanks for tuning in! ๐
