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 dont think the number of employee is represent a market value. Its technology company and doesnt need big number of employee and need quality employee. If we looking on bitcoin, there is no employee or CEO, but market cap value more than 100billion dollar because people believe this coin represent security and economic value