Post
Topic
Board Announcements (Altcoins)
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
by
weret
on 16/11/2014, 04:19:08 UTC
1. How much would it take for BAY to get to 1$ value? Just multiply the current marketcap by enough?
2. Why do some coins start at much higher BTC value such as 0.00001BTC for example?
Noobish questions..

Well the marketcap would have to rise to $1 billion for the coin price to be $1. And it would be 2nd to bitcoin. That's going to take a little bit of time. Lol.
The reason some coins start at a higher price has to do with a lot of variables. This coin has a billion coins in total so the price should be relatively low compared to other coins with a small supply. But the amount of capital raised and the development team are going to affect that price as well. The amount of marketing done beforehand can really pump up the perceived value, look at Ethereum.  

Thanks Tongue