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RE: EOS/US Dollar (EOS/USD) Price Charts for Aug 29th 2017
It's common knowledge that Market Cap is based on supply multiplied by price of last trade.
If it were to be based on proposed supply of 1 Billion it would not currently be $407,050,168.4.. :)
When I first started trading I always thought Market Capitalization meant how much money is invested in the Token divided by the amount of shares but then I realized that it's all b.s. and that if someone dude decided to buy a bunch for a lot it will pump up the price in such a fake way... that's nasty.
Correct, way too much attention going to market cap, it's only a tool to help gauge the temperature of the market, not the asset.
I blame coinmarketcap.com