Everything checks out with Syscoin. The only reason I could find for the price being this low is the number of coins. Over 800 million coins, so the scarcity factor just isn't there.
Yes, this coin is going to $1 and probably much more, but if you thought your were gonna invest and turn a quick 5x and be gone then forget about it.
Agree? Disagree? I'd love to hear more discussion on this.
Why does everyone always think that the circulation supply is how the coin gets it's value? Yes there is more in circulation than other coins but that just means you will be able to buy more with your money? It has nothing to do with scarcity.
Lets just say ETH had a market cap of only 100 dollars, which has a circulation supply of about 92 million. I could buy a shitload more than I could with SYS's current 120 million market cap even though SYS has more in circulation, so it doesn't matter how many coins are in circulation it just matters how much money is invested into the coin which gives it it's true value. I don't know why people so often get this confused.
BCN has a market cap of $514 million with 183billion coins.
So there is your quick 5x there, to get to that market cap.