As the price of Ethereum continues to skyrocket in the face obvious weaknesses such as transaction cost and scalability, EOS enthusiast must be tantalizing on the opportunities ahead once EOS platform is launch. At the time of writing Ethereum is currently price at $837.06 per coin with a market capitalization of $80,724,199,016 USD according to CoinMarketCap. This certainly set up an interesting "Telescope Outlook" for EOS that we can dissect.
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What is this "Telescope Outlook"
Telescope Outlook is a new concept, it a comparative tool that can be used to analyze two cryptocurrency projects of similar nature. The calculations are quite simple and the criteria of projects compared are made on the assumption that the objectives of the projects are similar in nature.
The calculation are made base on the present market capitalization of the given cryptocurrency project divided by the present circulating supply it is being compared to. To put this into practice, Ethereum present market capitalization at the time of writing is $80,724,199,016 while the circulating supply of EOS is 549,196,129, ($80,724,199,016/549,196,129= $146.98 per EOS).
To give this $146.98 some perspective, EOS current price according to CoinMarketCap is $10.52 per EOS. This leaves EOS with room of approximately $136.00 upside base on its present circulating supply. Now this isn't financial advice, I am only expressing the "Freedom and Creativity" that the Steem blockchain affords me and I welcome your thoughts and perspective. Probably we may be unto something new as a analytical tool that we could add to our armory that we can use to optimize our earning potential.
By June EOS will have 900,000,000 circulating supply. Upside will be necessarily lower. I think it's more realistic to look at the predecessor product market cap and combining them. (steemit and bitshares). Assume that happens over the course of a year.
Finally, there will be a hype curve. The ICO was constructed to try to avoid the destructive aspects of a boom/bust cycle. In that it's tough to overcome the negative press from a bust.
Personally, I'm not completely convinced this has been avoided. EOS is a long bet and it's probably overpriced now. Until there are Dapps sitting on top of it there is absolutely no value for the tokens other than speculative value.
I think in time a price in triple digits may be possible but will be unlikely until they have some killer apps built on the platform. And it's assuming those killer apps benefit from whatever form the EOS community takes when it's fully formed.
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THank you for your input, if you look carefully at the equation, you would realize that its always analyzing the "given marketcap" against the "circulating supply" it is being compared against... its a relative and as more coins is added to the circulation it influences the given price of the token...
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Interesting calculations. Is there another project that has followed this outline yet?
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This is just in the case of Ethereum and EOS as both projects have similar objectives... Once the project is similar in nature, you can use its marketcap to find out what price would be good value for the coin you are researching by dividing it by its present circulating supply...
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Makes sense to me.
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I would write on this and develop on it in the future once I see trends and coins that relate to each other...Lets see what people response and if its time worthy of another post
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You can use this same criteria to analyze and compare cryptocurrency that deal primarily with privacy/ anonymity base on the marketcap of leader
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OO i am thinking. I should buy. @daudimitch
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Nice prediction, however I believe the estimated EOS price is somehow conservative. We should take into consideration that the total crypto market cap is exponentally growing and EOS is also a better project than Ethereum (if it will meet the expectations). So my advice would be to buy and hold. The future looks bright ☺
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@originalworks
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The @OriginalWorks bot has determined this post by @daudimitch to be original material and upvoted it!
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