Veritaseum: The FOURTH ranked crypto by (total supply) market cap!?!?!!?!
Erm.... what the hell is Veritaseum and why does it have a market cap of $12 billion dollars?
This coin is a perfect example of why you can't just look at a market cap based on circulating supply. 97.99% of Veritaseum's total supply is not in general circulation. Even with just that 2.01% of its circulation it still ranks in at a frankly ridiculous 27th place. Taking into account total supply, it's apparently more valuable than Bitcoin Cash, NEO, Litecoin, NEM etc.... You get the picture.
CryptoCurrency Prices: Veritaseum
This quite ridiculous situation is an over-exaggerated example of why you need to dig a bit deeper when investing. Non-circulating supply is my main beef personally. Those coins / tokens aren't worthless.... They're worth exactly the same as any circulating supply, if they can be put into circulation. To not include them in a market cap makes no sense to me.
Check out CryptoCurrency Prices for a list of all cryptos by their total supply.
I agree with you. To not include non-circulating supply - if they can be released anytime - does not make any sense at all. Followed and upvoted.