Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SPROUTS 2.0 Operation Community Revival
by
HustleBustle
on 01/03/2017, 18:16:58 UTC
- Considering there are other coins out there with 24 billion + coins trading at 0.00000003 this should be a piece of cake with a little help from the community Smiley

Lol that would be so wrong as their market caps would be in the Billions of Dollars if that was the case, I would assume that those prices are in LTC, DOGE or another low pairing alt.

If 1 Sprout were worth 1 sat the market cap calculation would look like this:

(Total supply of Sprouts) x (BTC/SPRTS) x ($/BTC)

(56,000,000,000 sprouts) x (0.00000001 BTC/SPRTS) x ($1200/BTC) = $672,000. That would put it at 123 on coinmarketcap.com.

Today, Sprouts are traded mostly in Doge so the calculation gets a little more complicated.

(Total supply of Sprouts) x (DOGE/SPRTS) x (BTC/DOGE) x ($/BTC)

(56,000,000,000 sprouts) x (0.0015 DOGE/SPRTS) x (0.00000016 BTC/DOGE) x ($1200/BTC) = $16,128. Which puts it at 347 on coinmarketcap.com.

Right now, coinmarketcap.com is basing the market cap on a supply of 4.4 billion instead of 56 billion, once that is corrected, Sprouts will move up to the mid 300s on the list.