Liquidity matters more than market cap.
study this concept to understand crypto better than 99% of people.
the bid-side LP means you can calculate how much money it takes to pump something.
look at the example. anybody can make the market cap whatever they want by minting and burning tokens.
LP tells you the pumpability. See how it says 16k USD value on the buy-side?
That means another 16k of buy pressure would 4x the price. 160k net buy pressure could 100x the price (symmetric LP means it functions as a square)
you want low enough LP to pump, and high enough to exist with reasonable gains.
buying coins on a DEX is literally just adding LP to the bid side (the USD or L1 token cookie jar) and taking out coins from the other cookie jar
Meanwhile, the PS3 was seen as the smart buy because you could actually use it, play games, and watch Blu-rays. It looked cooler.
That’s how markets work. People mock what they do not understand, and overvalue what’s hyped.
Even though Bitcoin was one of the most efficient assets ever created, almost nobody cared in 2009.
Back then, it was something a few nerds traded for pennies on the internet.
Bitcoin looked like worthless digital nonsense. A weird internet experiment. No status. No mainstream appeal. No obvious use to the average person.
And because its fiat price could dump, people called it a scam and said it was worthless.