Topic: What is the future of the Altcoins that have less than 1(one) satoshi as value - page 4. (Read 511 times)
May 04, 2019, 09:48:08 PM
If their value is under 1 satoshi than means for me at least that this coins / tokens not have any future and no one will invest on, and who have some chance to sell them better sell even if they not get so much.
May 04, 2019, 04:57:16 PM
We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/
What is their fate in the crypto space.?
The price of a token means nothing. For getting an accurate impression if the token is undervalued or overvalued, the total supply of a coin / token has to be considered in addition to the price. If there is a huge supply of coins or tokens created, the price will be lower per coin. Let's take BTC and EOS a an example: https://coinmarketcap.com/currencies/tourist-token/
What is their fate in the crypto space.?
For BTC the total supply is 21,000,000.
For EOS the total supply is 1,044,419,959 EOS.
So, there are much more EOS in total created that BTC. Important is the scarcity of an asset and the lower number of all total created BTC makes every BTC more scarce compared to EOS. To calculate the marketcap you need to take supply*current price.
For your coin it means: the total supply is very high (7,500,000,000) and that makes a low price very meaningless.
May 04, 2019, 04:55:26 PM
It is currently ranked as 1180 on coinmarketcap and the volume would actually determine if this or other coins would be able to survive being new to the market. Coins like this is unlikely to know if they will have good fate in the market because they are still far from what you are expecting.
Are you an investor of this coin and how did you end up asking about its fate?
Are you an investor of this coin and how did you end up asking about its fate?
May 04, 2019, 04:44:47 PM
We already know loads of tokens that come to the market with their values way less than 1 satoshi as their market value most especially tokens that exist under the ethereum framework. am talking about tokens like Tourist Token (TOTO).
https://coinmarketcap.com/currencies/tourist-token/
What is their fate in the crypto space.?
https://coinmarketcap.com/currencies/tourist-token/
What is their fate in the crypto space.?
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