Please do not mind my newbie question
btw loving this new Token and cannot wait for it to come to the exchange.
but Golem price is $0.60, and Elastic price als0 0.60
Golem Supply is 829 million and Elastic Supply is 100 million.
It does not seem right, too expensive for a beginner coin. I know my math is not right or something I am not considering.
Anyone mind explaining ?
When you look at the valuation of a project the price of each coin is meaningless. You must look at the total market cap (total worth). The fact that one project has x coins and the other y does not matter at all. Remember that each coin can also be divided into small bits and used as a fraction.
It is true that the market cap of Golem is much much higher at the moment and indeed that is not right - Elastic deserves a much higher cap as it is the better between the two. Saying that Elastic is a beginner coin is also wrong - the project actually started before Golem and is in a better progression development wise.
conclusion - Elastic is cheap at the moment and will appreciate vastly in value compared to Golem (a similar project in the same field).
agreed, a great coin to look into and support.