I also invested in Tezo's. I posted before and after the ico. I realized i needed to separate the artist from their art. The amout of tokens is the main thing going against it. If you look a future trading and comparables as far as token supply and marketcap there will most likey be a sharp rise and dramatic fall.
You are viewing a single comment's thread from:
Ethereum doesn't have a set amount of tokens. Did u know that? They could issue unlimited eth if they really wanted. The highest amount it reached was 400 usd per ethereum. Hence, market cap and circulating suplply is all irrelevant. Value is put on things depending on how much people actually value it and want it. Tezos does have a high amount of issued tokens but like I said. People will put a value on it depending on a number inside their heads, and if they consider it valuable. If tezos delivers all the functionality and features as written in the white paper. Then it might go as high as 500 or more. Well just have to see what happens. 😋
Yea I know that ETH doesn't have a cap but they do have an inflation algo. $500 per token would make Tezo's have a marketcap higher than all cryptocurrencies combined including BTC . I don't see $300 billion marketcap happening.
I wanna believe @christina.red but @alao has the math thing is his flavor. Oh math crushing a girls hopes and dreams once again.
Effectively the traded float of the total supply coupled with the demand will determine the price. All the numbers do matter - but agree if you are just speculating on price then the total market cap of a coin doesn't matter just the price per coin - pretty obvious really.
exactly!
So why did you invest? I invested a small amount in spite of the unlimited cap / limited inflation.