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?
Every one of them that made it big started small. Even bitcoin itself that is big today and with a market share of more than 50% also started it small before growing into something big, same as Ethereum, Ripple and the rest of them that has come this far. So if you see anyone of them that has a small market cap doesn't mean that the team behind it are not also working hard to get their shot at success.
Though these days it's difficult for most cryptocurrency to survive, because there are already lots of big coins in the market and investors ,, especially bigger investors tends to go for the bigger coins and not the small ones. So small ones finds it difficult to survive.