EOS token price evaluation

in eos •  7 years ago 

Well, it's almost impossible to evaluate the price of an EOS token, or any other cryptocurrency right now, even bitcoin. The only thing we could do, is to compare the actual price of EOS token and other cryptocurrencies (for this example i choose ETH). At the time of writing for every 1ETH we get 443 EOS tokens. There will be about 10x more of EOS tokens than ETH tokens (i am ignoring the inflation rate of ETH). That means, we will pay right now 1ETH, to get about 44 imaginary "EOS scaled to ETH" tokens. Well that means, that we will be even, if EOS will have abou 1/44 of market cap of Ethereum in the future (that is about 700 mil. $ - estimated market cap on the picture below), and that's just a speculation.

Anyway, the price of an EOS token will still rise, it's still about 14 hours till the end of the "first stage", or "period 0".
I believe the price will be driven up even more in the future, so i am buying some EOS. Daniel Larimer is very clever person. Every ICO is a risky, since we do not know very much about it, we can't evaluate it and we have to trust. I will invest about 1/10 of my ETH tokens to EOS, i hope it will be worth it. That's all i can do.

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Hmm haven't heard of eos yet, I'll check it out. Your math is dangerous, because it makes sense... Then again so do weather predictions and yet they're always wrong (not saying you're wrong just no one knows crypto prices as much as thy

Yes, my post is much less than a prediction, it's just a comparison of the actual prices of the two cryptocurrencies, EOS has one year long ICO and there are lots of risks, be careful everyone

hmmm, idk what to think about EOS

Yeah, i don't know also, but Daniel Larimer (creator of steemit and bitshares) seems like a good person to lead the project, i am betting more on the people behind cryptos than cryptos itself. Anyway, i am investing just a small amount, i am still very conservative.

i will also buy eos good investment for hold greetings

bought 888 tokens myself! great buy – HODL

I watched the price rise like crazy, it went from opening to trading (a few days ago) from 1$ to 5$. I bought a few and now will wait on the long run.