Salt has begun trading on Etherdelta and Liquid and has dropped from around $7 to around $4 (at time of writing).
https://coinmarketcap.com/currencies/salt/#charts
However, coinmarketcap.com only uses a circulating supply of 7.8M to calculate the market cap of $31M instead of the total supply of 120M. This is a good method for most crypto coins because the locked up supply is going to be used to drive network effects and increase network value. But in the case of Salt, each Salt simply represents membership to the website and you have to purchase it to sign up for a loan. If the price Salt rises, it will cost more to get a loan and this will discourage platform growth so there is no real rationale for an increase in value of Salt.
As a result, the value of a current membership token is better calculated by $31M market cap/120M Salt Tokens = $0.26.
So it is down to beneath $2.50 now - will it get beneath $1?
Congratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @sendpi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP