And I would like to hear exactly what or who determines that the price is inflated or otherwise. What, exactly SHOULD the price be? Is there a formula for that? I believe the price of every currency, crypto and fiat, is purely speculative and based on perception as none have any intrinsic value.
All Coins including BTC are still only functioning as commodities, like gold or silver.
In the field of economics, the commodity value of a good is its free market intrinsic value under optimal use conditions. In a free market, the commodity value of a good will be reflected by its price. For example, if an acre of land can yield a net of 100 dollars loss by lying fallow, 50 dollars gain by being planted with corn, and 100 dollars gain by being planted with wheat, then that acre's commodity value is 100 dollars; the farmer is assumed to put his land to best use.
So what intrinsic value does tekcoin have:
Options
Store of Value
Black Market
Global Currency
And 1 additional is mining capacity,
Tekcoin PoS is the most economical way to mine more tekcoins, so that adds value.
True Market Price will be determined as time moves forward and we can better calculate tek usage per each available option.
FYI:
Tek does have a strong community support behind it, so odds are high it will weather the highs & lows of speculation until its true value can be calculated. Plus is that not the reason most are in crypto to buy as much crypto as possible now for as cheaply as possible and then sell later for a Staggering Profit.
