If you look at the top 10 coins by percentage return last cycle, meaning not market cap, market cap is simply circulating supply times the price of the coin.
The price of the coin can be created by selling it. The founders can sell the price of the coin at whatever price they want initially, right?
When they do the initial distribution, they can sell it at any price they want. And a circulating supply could be chose by the founders as well through tokenomics, right?
That's why we see things like Shiba Inu faking their circulating supply to come up higher on the market cap websites. This is why I don't use market cap. The mainstream is pure market cap.
What we look at here is percentage increase. That's all I care about. How much does the value of the token go up?
I want to study those tokens. I can care less about the market cap if it doesn't make me money. There could be huge market cap coins that don't increase by large percentages. I hope you guys understand that.
So what I look at is the percentage increase and a top 10 coins last cycle. One of them was $GALA games. So this is a confirmed narrative.