So what's your forecast for EOS today? I'm thinking about buying now it's cheaper, but I don't like the tendency at all.
The current price puts EOS market cap at over 2.5bil without any working prototype or proof of concept. It's already double the market cap of DASH only after being in the market for like a few days?
IMO, definitely overvalued right now.
If EOS is able to raise 20K in ETH per day for the remainder of the periods, they will end with
$2.3b in cash based on a $300 ETH price. I would call that margin of safety.
At the end of this year long ICO there will be 900m tokens outstanding, 1b if we count the fully diluted tokens.
So at $3 per token, yes the market cap is $3b, but the enterprise value is $700m.
Who knows if they will deliver anything. But what appears to have been perfected is a cash generation machine that may be nothing more than a sophisticated modern day ponzi. Who knows?
It may also be a conduit to make an incredible amount of money as a participant if this thing gains escape velocity and becomes self-sustaining.