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Make Money Online: Documenting 10 Years of Failure

By John Ward / March 20, 2015 / 65 Comments
This is the history of my experience trying to make money online over the past 10 years or so. This is by far the longest post I've ever personally written and it's more of an autobiography than a blog post....
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I Made an Automated Pancakeswap Prediction Bot

By John Ward / October 14, 2022 / 0 Comments
A few weeks ago I got the idea to try to automatically bid on Pancakeswap's Prediction game. So I decided to try to build a Pancakeswap Prediction bot to take on the task. I did this just to learn about...
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IBM Watson Explorer

By John Ward / April 6, 2015 / 1 Comment
I'm going to talk a little bit about IBM Watson Explorer (WEX). A few people have contacted me about what I do at my day job as a Watson Explorer Consultant. Since this is my personal site I don't usually...
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What is IBM Watson

By John Ward / July 24, 2020 / 0 Comments
There is a lot of confusion about what exactly IBM Watson is? I'm going to try to clear that up a little bit in this blog post. I'll go into the history of IBM Watson and what IBM is doing...

My 2022 Recap and 2023 Plans

By John Ward / January 13, 2023 / 0 Comments
I haven't been posting to my blog that often, but I wanted to recap 2022 and lay out some of my plans for 2023. Overall, 2022 was a pretty good year for me, and I made some progress on business...
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Watson Explorer vs Elasticsearch for Enterprise Search

By John Ward / May 12, 2020 / 0 Comments
Are you interested in IBM Watson Explorer vs Elasticsearch? Recently, I had to do some comparisons between IBM Watson Explorer and Elasticsearch for a project. I spent some time going through the features of both platforms and found some interesting...

One AdSense Change Dramatically Increased My Earnings…

By John Ward / March 9, 2015 / 12 Comments
... and I have no idea what it is. I used to blog actively on my tutorial site, TeamTutorials. In it's prime the site would see over 100k page views per month. Even in the prime the site barely met...

Are Products the Road to Prosperity?

By John Ward / May 13, 2015 / 1 Comment
A few weeks ago a wrote a somewhat popular post about my past experiences trying to make money online. I went through the ups and downs of working as an affiliate promoting other people's products. At the conclusion of the...

Regular Expression Converter for Watson Explorer Engine

By John Ward / August 23, 2019 / 0 Comments
Sometimes it's useful to extract data from a Watson Explorer content node using regular expressions. In this post, I'll show you how to extract data using a regular expression and create a new content node for that specific data. To...
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IBM Watson Discovery Fundamentals Training

By John Ward / October 28, 2020 / 0 Comments
I'm excited to announce that I've released my first course on Udemy titled IBM Watson Discovery Fundamentals. This course is designed to give business and technical users a good high-level overview of the IBM Watson Discovery service. What is IBM...
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Understanding Crypto Market Cap

One of the biggest mistakes new crypto investors make is looking at coins by price per coin and comparing them. You need to understand the crypto market cap before making trading decisions. This will allow you to better evaluate the potential growth of a particular token in comparison to other known tokens and the market at large.

What is Crypto Market Cap?

Market capitalization, or market cap for short, is the total value of a particular coin or token in the market. To put it simply, it’s the number of tokens in circulation multiplied by the price per token. Knowing the market cap of a coin gives you a much better understanding of how it fits in the overall market and how much growth potential a coin has.

crypto market cap table
The current top 10 coins ranked by market cap on

To give you some perspective, the total market cap of all crypto is about $2 trillion. Bitcoin holds a majority of the market with a market cap of around $814 billion at the time of this post (9/26/2021). You can use a site like to get details about most cryptocurrencies.

Why You Don’t Buy on Price Alone

The common mistake that many crypto newbies make is trying to find coins that are “cheap” by looking at the price per coin. The logic is often that if you can buy a crypto at $0.01, then you can make a killing when it hits $1.00.

If you’ve ever stumbled into the world of crypto on social media, you’ll see a lot of uninformed “influencers” pawning these low-priced coins. For example, I recently saw a TikTok video where someone was doing a calculation to determine just how many millions of dollars you would have if Shiba Inu hit $1 per coin.

What they never point out is that it’s virtually impossible for a coin like Shiba Inu to hit $1 per coin.

Example 1: Shiba Inu to $1

Let’s take a look at how the math works out to get to $1. Shiba Inu is around $.00000717 per coin at the moment. If it hit a dollar you would be holding over $140 million dollars, but like I said it’s not possible. I know it’s not possible because I examined the market cap of Shiba Inu. You can use a tool like The Coin Perspective to compare cryptos on their market cap. What I’m going to do is select Shiba Inu as my token, then fill in the field for “Or set your target price” and set it to one dollar.

As you can see, to hit a price of $1, Shiba Inu would be worth a market cap of $497 trillion. Bitcoin was the only crypto to ever hit a $1 trillion market cap and it’s since fallen below that mark. In order for Shiba Inu to hit $1, it would have to be worth over 500x Bitcoins market cap. That’s literally impossible.

The entire market cap on the U.S. stock market is about $47 trillion. So these social media “experts” are suggesting that a meme coin would be worth more than 10x all of the companies that trade on U.S. stock markets. If you cannot understand how insane this is, then I don’t know what more I can show you.

Example 2: Cardano Meets Ethereum

Let’s say you’re super bullish on Cardano, and think that it could meet the current market cap of ethereum. Cardano is trading at $2.26 today, so what is the price point that it would match Ethereum? The market cap of Etheruem is about $361.3B at the time that I am writing this.

cardano vs ethereum crypto market cap

We can use the same calculator to do this. This time I select Cardano and select Ethereum in “Compare to another coin”. The calculator does everything for us and the result is that we know, in the extremely bullish scenario that Cardano reachest Ethereums current $361.3 billion market cap, each ADA token would be worth about $11.27.

What are the Different Categories of Crypto Market Caps

In the crypto market, we typically categorize different coins into small, mid, and large-cap coins. Your large market cap coins are the likes of Bitcoin, Ethereum, Cardano, Binance Coin, and XRP. There is no hard definition to where these coins are categorized, but I’d say a good rule of thumb is that a market cap over $2b is a large-cap.

The next level is the mid-cap tokens. These are cryptos with a market cap of probably a couple hundred million to a couple billion. I’d say that tokens like SushiSwap, Ren, Curve, Nexo, etc.

Then you have small-cap tokens that are under a couple hundred million. A lot of these tokens are going to be ones that you haven’t heard of, and are starting to grow and show some signs of life but do not have the adoption of the mid to large caps yet.

Ok, there’s one more tier of super-low cap coins that I’ll refer to as “Shitcoins”. You can find a lot of these in the newly listed crypto section of CoinMarketCap. These are coins that might be worth a couple hundred thousand dollars to a couple million. You’ll find a lot of scam coins here, but there are some gems that have real growth potential.

What Cap Should You Invest In?

There are different schools of thought on which coins to target. For example, large-cap coins are the most proven and if the entire crypto market grows, they will see some decent growth. These are the “safer” bets in the crypto market.

The mid-cap tokens are showing signs of adoption and usually are backed by well-known investors and can be trading on popular exchanges. These tokens are somewhat stable but have a much higher upside potential than the large-cap tokens.

Then you have the small caps. Most of these projects are just getting off the ground and are really not proven. If you can get into one of these small-cap tokens early, you can make insane gains. As we move down the tiers, the risk gets higher though. Trying to weed out good projects is more difficult and takes much more due diligence.

Then you have the shitcoins. The thing is, these coins have the potential of massive amounts of gains. I’m talking up to 1000% gains but the risk is super, super high. A lot of the coins that fall into this category are scams or “rug pulls”. A rug pull is where a nefarious actor hypes up a crypto and gets everyone to start buying it. They hold the majority of tokens and as the price rises, they sell out the majority of tokens at the peak. This causes the price to plummet and everyone is left with worthless tokens except the rug puller who made out. We call these people who lose “bag holders”.

The point here is to be super wary of investing huge amounts in shitcoins. Sometimes they work out and those are the stories that get published.  You don’t hear about the millions of bag holders out there. The winners are coins like SafeMoon. If you put $1,000 into this shitcoin early, when it had a market cap below $5m, and then sold at the peak, you could have ended up with over $11m.


Use the tools at your disposal to understand the growth potential of a crypto. The Coin Perspective is my favorite tool and I also spend a lot of time on CoinMarketCap doing research. Make your decisions on market cap, not coin prices.

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John Ward

I've been in working in the tech space since about 2004. I've spent time working with Artificial Intelligence, Machine Learning, Natural Language Processing, and Advertising technology.