- A crypto analyst identified a variance in ALGO’s tokenomics.
- Using ALGO’s price to calculate its total market cap results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number.
- The resulting figure is almost $1.5 billion higher than the effective number.
Mr. Huber, a crypto Twitter analyst self-described as a ‘Sleuth looking for truth,’ has identified a variance in Algorand’s tokenomics. According to Huber, using ALGO’s price to calculate its total market cap, results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number.
Something seems to be wrong with the market cap information of Algo. If I calculate the total market cap by the price of the coin, I always get the circulating supply. But this is almost 1.5 billion above the effective number. In October 22, Algo had a supposed supply of almost… pic.twitter.com/9kFWy2IlFr— Mr. Huber (@Leerzeit) July 27, 2023
In a tweet, Huber noted that ALGO had a supposed supply of almost 13 billion in October 2022, although only 10 billion ALGO tokens exist. However, the analyst referenced a publication by Algorand to expla…
The post Why Is There Inconsistency in ALGO’s Market Cap Calculations? appeared first on Coin Edition.
The post Why Is There Inconsistency in ALGO’s Market Cap Calculations? appeared first on Coin Edition.