I also think its price would be much lower than ico price because there is no cap.
Other icos made money because of Scarcity... There is no Scarcity when tokens are unlimited..... Lol
That argument of scarcity was thrown out the window long ago. Going by that fallacy, Ripple should be worth zero. It currently has a supply of 38 billion, and it's uncapped, continually increasing. Even with 10 billion, Tezos should be valued at least 3.5x the current price of Ripple. Meaning you'll have a decent ROI if you buy during the ICO.
Value is not determined by the supply. If that were the case, gold and other precious metals should be worth zero as well, because there's far more of those than the amount of of these cryptos. Why should the US dollar be worth anything if the Federal Reserve can print an endless supply of it?
What you fail to grasp is that crypto currency like nearly endless supplies of fiat and some plentiful natural resources, derive their value not from limited supply or scarcity, but from use cases and value added to the world. If Tezos turns out to be a useful and provides a strong use case with massive adoption, it won't matter if the supply is endless, it will have a value based on its applications.
If you don't believe me, then look at all the shitty alt coins that have limited supply but have zero use case and no one cares about them. Just because Joe Schmoe came up with an alt coin with a tiny supply doesn't mean it should be worth anything.
Please provide a better argument, because the way I see it, the larger this ICO, the larger the mainstream coverage, and I think FOMO will be on another level. Good luck trying to buy cheaper on the exchanges.
Ethereum has an unlimited supply (yes, it's not that many Ethers now, but it will be much more of them in the future) and yet the price is over $200. Not saying that XTZ will be priced at that level soon, but it will get there eventually. Not a good investment for ICO flippers, it may be great for long time hodlers.