Whether or not that is enough to warrant a US$ 16
valuation per coin is still a bit unclear.
For the same reasons that it is fun to play around with, I wouldn't expect them to have a high
valuation per coin anytime soon.
Not exact matches
Presently, bitcoin's price -
per -
coin valuation and overall market capitalization are higher than any other cryptocurrency in the world.
In the aftermath of a complete rollercoaster week signifying the long awaited hard fork of Bitcoin on August 1, 2017 spectrum, Bitcoin has reached a record high with
per coin valuation of $ 3200, at the time of publishing this article.
With a current
valuation of $ 43
per coin, things add up to a large market cap.
As TokenChain executes on its operational strategy and these tokens pick up a listing on the major cryptocurrency exchanges, there's a strong chance this price will prove a considerable discount to future
per -
coin valuation.
My theory as to why Bitcoin Diamond is trading at such a high
valuation is that there's always going to be a handful of traders that either are trading by the greater fool theory or are entirely oblivious to fundamentals when valuating Bitcoin hard forks (i.e. not understanding that the tenfold increase in supply means $ 31.6
per coin is actually equivalent to $ 316).