Why a Low Unit Price Is Not a Valuation
Consider two hypothetical assets: one priced at $0.50 with 40 billion circulating units, and one priced at $50 with 400 million. Both have a $20 billion market capitalization, despite their very different unit prices.
That arithmetic does not make the assets equivalent. It shows why unit price alone cannot establish which network is more valuable, more useful or a better purchase.