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> Zilliqa, a public blockchain network, hit its billion-dollar market cap in May this year, a little under a year since its founding This should bother anyone.
by throwawayqdhd 8y ago
> Zilliqa, a public blockchain network, hit its billion-dollar market cap in May this year, a little under a year since its founding
This should bother anyone. 0 to $1B in market cap in 12 months is about as 'bubble' as you can get
- bitreality 8y ago1 Billion "market cap" and they don't even have a working blockchain (product) yet!
- DennisP 8y agoHalf a billion at the current price, so it's popped a little.
- rsynnott 8y ago"Market cap" for cryptocurrencies, for all that the cryptocurrency people love to go on about it, is generally almost meaningless. The markets are very shallow; than billion could likely drop to zero very, very quickly and easily.