Filecoin’s fully diluted marketcap is $417 Billion, greater than Walmart, Disney, Mastercard. For a product that no one seems to be using. All the Filecoin tokens are vesting will enter circulating supply. Think twice before jumping onto this train

Cryptocurrency News and Public Mining Pools

Filecoin’s fully diluted marketcap is $417 Billion, greater than Walmart, Disney, Mastercard. For a product that no one seems to be using. All the Filecoin tokens are vesting will enter circulating supply. Think twice before jumping onto this train

At $215 per Filecoin, its current fully diluted market cap is greater than several established companies that provide services to millions of people. OTOH no one seems to be using filecoin for anything substantial. Its value seems to be skyrocketing from speculation and momentum, but devoid of fundamentals, the narrative can change quickly.

Filecoin's Fully diluted marketcap at $417 Bn is twice of Ethereum's marketcap.

Most of FIL's supply is vested and being slowly released to early participants, ICO investors etc.

If you are thinking about investing in FIL at this elevated level, you should consider all the aspects before jumping in.

submitted by /u/Set1Less
[link] [comments]

Facebook Comments