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Does it actually make sense to use FDV to evaluate the value of a coin at a specific point in time? Taking SUI as an example, If your are investing with a time horizon of 1 year, should't you be calculating the price based on the circulating supply at that moment ?

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Both are useful, but in the end, FDV is always the real price you pay so it's useful to keep both in mind. Market cap is very important in the short-term yes.

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