Algorand

Coin

<ul class="news-points"> 
 <li><strong>A crypto analyst identified a variance in ALGO’s tokenomics.</strong></li> 
 <li><strong>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.</strong></li> 
 <li><strong>The resulting figure is almost $1.5 billion higher than the effective number.</strong></li> 
</ul> 
<p>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 <a href="https://coinedition.com/algorand-algo-price-prediction/" rel="noopener noreferrer nofollow">ALGO’s price</a> to calculate its total market cap, results in the circulating supply and gives a figure almost $1.5 billion higher than the effective number.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">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… <a href="https://t.co/9kFWy2IlFr" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9kFWy2IlFr</a></p>— Mr. Huber 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f985.png" alt="🦅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Leerzeit) <a href="https://twitter.com/Leerzeit/status/1684484691796062208?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 27, 2023</a> 
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<p>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…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/why-is-there-inconsistency-in-algos-market-cap-calculations/">Why Is There Inconsistency in ALGO’s Market Cap Calculations?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Why Is There Inconsistency in ALGO’s Market Cap Calculations?

Coin Edition

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