RE: EOS ICO is Launching Today - Informations, Tips & Tricks, News, Predictions.

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EOS ICO is Launching Today - Informations, Tips & Tricks, News, Predictions.

in eos •  7 years ago  (edited)

Even if the coin would be $5, the market cap won't reach $5 billion until all coins are sold... The way the ICO works, they are selling the coins withing the span of 1 year. 20% in first 5 days so that would still be $1 billion dollars... My prediction is that it'll go around $1.75 after the first 5 days. That's 350 million dollars in 5 days. There is no info about the cap... The ICO seems to last 5 days. No more, no less and they will collect funds within those 5 days and then distribute 20% of the tokens based on the raised funds, so the more funds they raise, the more expensive the coin. I don't understand why the author said "if you are lucky to buy"... You have 5 days to buy.

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I second this, there is some serious FOMO about the coin but what people need to understand is that the more people FOMO the more the coin becomes expensive during the 5 day period. The more it becomes OP the harder the price correction will be.