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RE: EOS/US Dollar (EOS/USD) Price Charts for Aug 29th 2017
Its public knowledge there will be 1 billion EOS tokens so the market cap is based on 1 billion tokens.
On Github where EOS is being worked on, the first milestone is due in September which is to have a test network up and running. Once developers can see it and test it, I'm expecting that market cap to rise significantly.
So you have around 2 weeks left to buy at these low prices.
I agree with you. Its funny like people always point out the dilution. It is in the price people its not a secret :)
Also have high hopes for the first milestone :)
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