IOTA coin with 2 quadrillion coins in supply

in cryptocurrency •  8 years ago 

Good day to each and everyone of us here at Steemit and BBchain, awhile ago I think 7 hours ago, I saw that the total supply of IOTA coin reached about 2 quadrillion coins! Which means that it needs 2 quadrillion dollars in market cap so that there would be a $1 for each IOTA coin in price which i think is too much.

I really don't know the purpose of the oversupplying of the coin but I think it will have a hard time climbing up the price for each coin.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

this is false because IOTA's market cap is not measured in IOTA's.. it's measure in MIOTA's (1 Million IOTA's) – also.. it's at a price right now of $2.50.. and the market cap is only $6.94 Billion Dollars.. so again, your statement was false