IOTA coin with 2 quadrillion coins in supply

in #cryptocurrency • 7 years ago

Good day to each and everyone of us here at Steemit and BBchain, awhile ago I think 7 hours ago, I saw that the total supply of IOTA coin reached about 2 quadrillion coins! Which means that it needs 2 quadrillion dollars in market cap so that there would be a $1 for each IOTA coin in price which i think is too much.

I really don't know the purpose of the oversupplying of the coin but I think it will have a hard time climbing up the price for each coin.

#iota #blockchain #market #cryptos
7 years ago in #cryptocurrency by
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     7 years ago 

    this is false because IOTA's market cap is not measured in IOTA's.. it's measure in MIOTA's (1 Million IOTA's) – also.. it's at a price right now of $2.50.. and the market cap is only $6.94 Billion Dollars.. so again, your statement was false

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