EOS Airdrop market caps should you SELL HODL BUY part 2
With the new decentralized EOS exchange newdex.io now listing most of / if not all available tokens lets have a look at the market caps of some of these EOS airdrops and see if they are overvalued. The value of these tokens is calculated with EOS at a price of $6.5 USD.
You can check out part 1 here https://trybe.one/eos-airdrop-market-caps-should-you-sell/
POOR
Has a cirulating supply of 15,304,474 and trading at 0.00007 EOS giving it a market cap of just $6930 which is insanely low but keep in mind the total supply will be 10 billion. Poor has no use case as of yet this is why the marketcap is so low but they do plan on making a use case for it. At these price you could become a whale for 1 EOS so i would say its a BUY
Trybe
Trading at 0.013 (buy price) and 0.0075 (Sell price) from what i have heard they will start off with a token supply of 1 billion so the market cap is around $50 million, as much as i love Trybe this is completely over valued it has less then 5000 members i cant even justify future growth in a market cap that high. SELL
DAB
Trading at 0.0098 (buy price) and 0.0025 (Sell price) giving it a market cap of $800,000 (sell price) which is pretty low for crypto. As its all written in Korean i cant understand any of it but i looks like a basic social media platform. With a price this low and everyone only getting 1000 tokens i would say. HODL
Challenge
Trading at 0.000095 (buy price) and 0.000078 (sell price) with total supply fully released it has a market cap of $1.3 million (sell price) . Challenge dapp is meant to be releasing soon, it’s a dapp where you can challenge friends to fitness task and place a reward for them if they achieve it. They are also marketing to businesses to sponsor challenges with all dividends payed out to tokens holders. I think this is a decent dapp idea that really seems to be undervalued. BUY
This is not professional financial advice please do your own research before making any investments.
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