What is fully diluted value (FdV) in cryptocurrencies?
In the intricate world of cryptocurrencies, the concept of fully diluted value, often referred to as FdV, holds significant importance. Could you elaborate on what FdV precisely means and its relevance in the cryptocurrency ecosystem? Specifically, I'm interested in understanding how it's calculated, what factors influence its value, and how investors and analysts use this metric to assess the potential of a cryptocurrency project. Additionally, how does FdV differ from other valuation metrics, and why is it important for cryptocurrency enthusiasts and market participants to be aware of it?