7 or $8 dollars will make only $250 million market cap.
and that's something quite possible in 2018, since I expect a rise of the whole sphere
At mid 2018 the supply of elix will be about 70-80 million so wie would need about 700 million marketcap to reach 7-9$
No way the supply will be that high. If everyone was to mine their tokens right now, the total supply would be around 54 million. So maybe 50-60 million supply by mid 2018 but not 80 million.
He is spreading a lot of FUD and has no clue about the project: If everyone decides to redeem their EXOR tokens for ELIX the first year that would put the Supply at 52-million. It seems quite a few as of this post 30M have been redeemed. Which say's it is very likely that it will be around the 50-60M supply which is less than SALT and would put the PPT above SALT's price. This is a hidden gem don't listen to the idiots who don't know how to read a whitepaper.
The resulting minimum total supply would
therefore be 51,412,500. In contrast, the maximum total supply count with the maximum batch
size of every batch (50,000) would result in a total of 205,650,000. However, at the time of
revising this whitepaper, the current maximum total supply size is 139,356,672 and the
minimum total supply size is 52,727,808. It should be noted that because of this mining model,
the total supply count will follow a pattern of convergence; the sooner genesis pair address
holders mine their batches, the lower the maximum total supply will be. However, the longer
they hold, the higher the minimum total supply will rise. Early creation of batches will cause low
inflation in the long term. As of the time of this whitepaper revision, 42.5% of batches have
been mined. Eventually, these values will converge and ELIX will reach a final total supply count.
We estimate that this value will most likely be around 60-70 million tokens.