How is market cap calculated?
Price x Number of coins in circulation
Current Auroracoin market cap:
.05225 BTC/AUR x 103,851 AUR = 5426 BTC
So basically what your saying is that when the airdrop happens the market cap will be approximately:
.05225 BTC/AUR x 10,500,000 AUR = 548625 BTC
That's a lot of Bitcoin.
No, what I'm saying is that even if the market cap increases from the current 5426 BTC to 20,000 BTC after the airdrop, we're still looking at a massive price drop
current market cap:
.05225 BTC/AUR x 103,851 AUR = 5426 BTC
4x increase in market cap, given airdrop is successful:
.001885014 BTC/AUR x 10,610,000 AUR = 20,000 BTC
4x increase in market cap, assuming only 10% of Icelanders claim their free money:
.016515277 BTC/AUR x 1,211,000 AUR = 20,000 BTC
No matter how you look at it, there will be a massive drop in price once the airdrop starts (and also prior to it as investors anticipate the drop)
Nobody wants to be left holding the bag when the best case scenario is the price dropping down to ~.02 BTC/AUR
if I think a coin is scam I post it once and leave.