Why is Stellar worth more than Ford, EA, NXP, and Snapchat?

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The valuation of this coin is insane. The market cap is 7.55 billion right now, and there only is about 15% of the total coins on the market. This puts the coin at over a 40 billion dollar evaluation for almost 0 adoption in real life. There are very little ICOs on Stellar compared to Ethereum and if you wanted to buy a burger with Stellar, there's no infrastructure supporting it.

This means a coin with little use at the moment worth more than huge companies in the title, JD.Com, Workday, American Airlines, Symantec, Dropbox, and freaking Spotify. People really need to be wary about the circulating supply and total supply when buying cryptocurrencies.

Here is a list of companies Stellar is bigger than:

Ofo

Slack

Hulu

SpaceX

Xiamoi

Ali Cloud

Tencent Music

Stripe

Lyft

Ola

Groupon

Box

Mobileye

Github

Quora

Nissan

Honda

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MineETH

:moons: 150 / 150 🦀

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Posted: 6 years ago
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