Hello folks,
I've a question in my mind regarding altcoins and ICO's. As the market growth, there are tons of altcoins out there and lots of ICO's on the way. In my opinion, the total marketcap represents the value of the company. From this perspective, consider an altcoin with 5 to 10 employee and 10million dollars of marketcap. 5 to 10 employee and look at the amount. Do these companies really worth this much? I've been trading for more then a year but could not figure out this clearly in my mind.
So what is your opinion?
Yes it's exaggerated very often. Usually people only invest in the idea, 10 or 20m usd at that stage is a lot of money, in the outside world investments in companies at that stage are usually worth hundreds of thousands usd, not more