1 Level
5 Review
-1 Karma
Review on DigiByte by Nadine Chartier
The reason this sounds very unlikely is due to the way market capitalization…
The reason this sounds very unlikely is due to the way market capitalization works. This is how you work out the total value of a project, which you can do by multiplying the current market value of the coin against the total amount of coins in supply.
For example, if there were 10 million coins and the current market value of the coin was $1, then the total market capitalization would be $10 million!
Pros
- This is a good example of how volatile the cryptocurrency markets can be! In fact, the price movement was so significant that its market capitalization (I’ll talk about why this is important later) increased from just $14 million all the way up to $500 million!
Cons
- What better way to start than by finding out what the founder, Jared Tates, thinks will happen to the value of DGB? According to people within the Digibyte community, Tate believes that the value will eventually go anywhere between $1 and $10. However, there is a slight issue with this prediction.This is because it is very unusual for the leader of an organization, both in the real-world and cryptocurrency industry, to make a prediction on the value of their own project. This is like Mark Zuckerberg announcing that he believes the value of Facebook shares are going to rise to $1,000 per share!
