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?
The Crypto market is a free market, meaning that anyone is free to build any kind of project they want in the market, though the problem I have with so many altcoins in existence is that they don't really have anything to offer to the community and that way just creating a coin that will never be relevant even in years to come, though there are some few altcoins with very great potentials and I am sure they are going to make great impact in the future.