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Can anyone comment on this formula to get a gauge on a coins value? I know it's not precise, but it was way over on one's current value, way under on another, and somewhat close to Mint. (Total BTC Supply ÷ Total Altcoin Supply) ÷ 5000to10000
All this formula does is standardize the price of the altcoin taking into account differing supply caps, and then it says, let the value of the coin's total market cap be 1/5000 to 1/10000 that of BTC's. So taking BTC's current market cap and a value of 7500 as the denominator, that means that it is calculating a coin value based on a $1M market cap.
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