The current market cap of EOS, listed on coin market cap is $406,329,228. However, they are releasing nearly 3x the number of coins than are in current circulation, so the actual market cap if all those coins were in circulation would be $1,370,000,000.
They ARE releasing those coins, so that means the current price values the business / crypto / whatever you want to call it as $1,370,000,000. That would put it as the #10 ranked crypto.
With all cryptos, you need to look at the total supply, not just the circulating supply. EOS is not an exception by any means, it's just a high profile one.
If you want to check out the total supply of all coins and filter the coin market cap leaderboard by total supply, visit Cryptocurrency Prices.
EOS is either going to be THE crypto platform of the future or it is going to be a giant flop. Far too early to tell, but extrapolating the market cap does really make this a lot bigger than people realise.
I have about 100$ worth of eos, but dropped 30% in value. I guess I'll keep it for the long term
Yes, excellent point. This is something that is often overlooked by people when looking at EOS! I've been trying to tell people as well. When you look at the low market cap of 400-500 million it looks like it has room to grow, but you have to realize if the current prices hold up it represents a lot higher market cap and suddenly it doesn't look like much room for growth at all!
Followed you, would appreciate a follow back, I post mostly crypto related stuff! thanks!
No probs, followed back :)
But if you do it for EOS you should do it for every coin. Ok the remainder coins will come to the market soon but they are not there yet.
If you do it for all of them, Stellar Lumens is one of the worst. Storj is another one. http://cryptocurrencyprices.net/index.php?Circ=Total
Indeed very true. Everything should be compared with the same logic
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