Do the math: Why the EOS-price is going to decrease!

in #cryptocurrencys7 years ago (edited)

1-Hjzcm79y_IET2KSp5V-_aA.jpeg

Hey everyone,

i don't want to praise EOS, or talk disrespectively about the new ERC20-Token. Nor do i want to cause any frights or discuss the integrity or legitimacy of the Token. I just want to do some simple math on the ICO-distribution with you... decide yourself afterwarts. So if you bought some EOS-Token and you are wondering why the prices on the echanges is droping all the time. Here is an attempt to explain you, why it is happening:

The key question is: What money would it take to maintain the acctual price of ~2.7 USD for one EOS-Token while the ICO-distribution over the next year.

To keep that price-level, the daily distributed amount (2 million EOS) by the ICO should be around the same price as the the tokens are traded for on the exchanges. If the price differnce is to high, the people will drump their claimed Tokens on the exchanges, as i did it after period #1 when the price went up to 5 USD. So first of all we have to
internalize, that the price of the claimed Tokens by the ICO-destribution is converging to the market price and vice versa.

So if we want to check, if the acctual trade price is a realistic one, we have to calculate how much it would cost in total to maintain that price of ~0.001 ETH/EOS over the upcomming 346 days. As we can see in period #4 it needs around about 21675 ETH to be funded within 24 hours to uphold that price of ~0.001 ETH/EOS . So in total it would cost roughly 7,499,550 ETH = 346(days left of ICO-distribution) times 21675 ETH (needed amount per day to maintain the market price of ~0.001 ETH/EOS) . Togehter with the ~756,395 ETH already funded to the ICO, we compute an estimated volume of 8,255,945 ETH funded by the ICO. In terms of market capitalization this would be 2,063,986,250 USD (@250USD\ETH), meaning rank three or four at the accutal marketcapitalization.

Now its up to you. Draw your own conclusion from this point on ...

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