Especially for new investors understanding and deciding whether a coin is cheap or not can be cumbersome. Quite often the “face value” of a coin can be misleading: their prices might be (relatively) low (compared to Bitcoin) because their total supply is very high (i.e. there are many more coins in circulation than Bitcoins).
The So how can we compare crypto prices? One solution is comparing the Adjusted Price – a coin’s price if it had the same total supply as Bitcoin. This tells you how expensive a coin is compared to Bitcoin.
The Bitcoin Multiplier is the factor by which one would have to multiply a coin’s market capitalization in order to reach Bitcoins market capitalization. Some people believe it can be used to roughly estimate the highest price that a coin can (potentially) reach, although there is no guarantee that this will happen eventually.