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RE: Electroneum: Mining Using A Smartphone Without Issues
Electroneum is now a token that will start as a cryptocurrency on November 1. It's now valued at $0.01. Who knows what the coin will be next year or within months of its launch!
Right, only $0.01 a coin.... Too bad Electroneum has said there will be over 21 BILLION of them. Yes B as in billion. Which means the market cap will be $210M. Something to keep in mind when you think you're getting a deal at "only a penny" per coin. ICO's often come out at $40M market cap or there-abouts; some of the hottest ones are $100-150M. This is priced well above the others; makes you wonder.
dude they did perfect marketing... its all a stunt to get money for life.... doesnt mean they wont realease a working product (or they might go to jail) but it means they created something useless but catchy. maybe the fidget spinner of crypto
The $210M market cap is assuming all 21 BILLION coins are released at the end of the ICO. This is an inaccurate calculation, as 21 billion is the cap over the lifetime of he coin. As of this post, there has been 711M electroneum sold, giving it a market cap of $7.1M. Once the ICO ends you will have a more accurate number. But it won't be 21 billion coins in circulation, that's for sure.
Yeah just as rickkayo say you need to look closer as the circulation coin are much smaller.