Is Salt worth about $0.26 right now?

2년 전

Salt has begun trading on Etherdelta and Liquid and has dropped from around $7 to around $4 (at time of writing).
https://coinmarketcap.com/currencies/salt/#charts

However, coinmarketcap.com only uses a circulating supply of 7.8M to calculate the market cap of $31M instead of the total supply of 120M. This is a good method for most crypto coins because the locked up supply is going to be used to drive network effects and increase network value. But in the case of Salt, each Salt simply represents membership to the website and you have to purchase it to sign up for a loan. If the price Salt rises, it will cost more to get a loan and this will discourage platform growth so there is no real rationale for an increase in value of Salt.

As a result, the value of a current membership token is better calculated by $31M market cap/120M Salt Tokens = $0.26.

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So it is down to beneath $2.50 now - will it get beneath $1?

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