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?
I believe that legit ICO has more members than that. The thought of 5-10 employee is wrong. Maybe the team is 5-10 and considering that ICO is a company, then they would have a hundred employees in their company before they enter the blockchain. So $10m is worth it for them and for their company as well.