Jul 24, 2017 · 1 min read
ICO market caps are crazy. The reasons are: FOMO, no due diligence, high degree of speculation, people are in a period of rabid aggression on coin profits and as such, they will engage in all forms of classic greed, fear, and irrational trading behavior. Not to mention the manipulation factor on crappy coins on a small exchange.
Prime example, does this Gnosis really deserve a 10X premium over Augur? Simple DD will answer clearly NO.
https://steemit.com/ethereum/@nanonerd/gnosis-super-bubble
M Judge argues his position by saying that liquidity justifies the “inflated” coin market prices over similar VC standard pricing. That is academic pooh.