Re: [ANN] QBIC [QBIC] - Masternodes, PoW, Secure, ASIC Resistance
How comes the market cap increased from 222.500 to 1.000.000 in an instant even though the price fell? (https://coinmarketcap.com/currencies/qbic/)
Since MARKET CAP = PRICE x SUPPLY, the obvious answer is that extra supply was generated, but how? Out of thin air?
Since MARKET CAP = PRICE x SUPPLY, the obvious answer is that extra supply was generated, but how? Out of thin air?
It's a legitimate question... the answer is that the statistics on CMC had not been updating, so the total supply and the circulating supply were not accurate. We partnered with CMC to resolve the discrepancy, and they made the change a day or so ago. We hope that this time around it updates as coins are generated organically.
Thanks for inquiring vs. spreading FUD.
Very much appreciated, friend