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?
Where do you take these numbers from? Are there any specific examples of coins with such marketcap and that number of employees? And it is also very important, how much was put into promotion and development of a project, because if the capitalization is 10 million and even more was spent on making it happen, it's a complete loss. And besides, it's not like this bunch of people owns the coins, so they probably don't have anything close to 10 million anyway. Surely, though. sometimes it's hard to believe, how much money do some projects cost. I think that the capitalizations are truly unimaginable, I guess people overinvest a lot. But not just in cryptos, since, looking at the marketcaps of top stock companies, I can see that they also have huge caps and 10 million would be nothing.
Altcoins and ICO are successful in different fields, they have their own project to develop.
Their prices are due to the demand of the people as they develop their project after ICO.
Number of workers are not a ig issue, ofcorse at first they only need small number of people to work with.