Re: Elastic (XEL) Price Speculation - #Coinmarketcap has added it
Coinmarketcap has added Elastic.
Rank 733 for now, there is too much room for growth.
Hi Bob, I thought it said Rank 79 .Rank 733 for now, there is too much room for growth.
You are right both of yours. Because when coinmarketcap added to first hours, They didn't implement our circulation supply, I send genesis account (account for redeem) to them for tracking circulation supply. They implemented yet.
Conimarketcap ranking all coins with market cap, market cap calculating with circulation supply. Now Elastic is on rank 74
I hope we will see 400m $ market cap soon..
I think "circulating supply" isn't accurate. 100 000 000 XEL is for all intents and purposes. We can't know how many of the XEL will be redeemed in the future. I mean, there are huge wallets of BTC which haven't been touched in years. Is coinmarketcap supposed to exclude them from the circulating supply, because their keys are most likely lost? This is not about rank, but about the fact, that newcomers may think that there is no way that around 30 000 000 XEL may flood the market at some point (unlikely, but possible). Therefore, price calculation should take ALL XEL into accound, not only the ones we know were moved.