Filecoin's price is a joke!

I made a post about Filecoin like a week ago and in the post I was talking about Filecoin's price and why I think it's still too high - it was like 46 dollars at that time. It's currently like 22 dollars and in my opinion it's still too high!

If the max supply is really 2,000,000,000 tokens then Filecoin's fully diluted valuation is still over 44 billion dollars! So even when the price was already pretty much slashed in half since my last post then the current price and valuation would make Filecoin as big as today's Ethereum!

That's just not right.
The price will go down more surely.

Bitcoin for example have its circulating supply already very close to the max supply so you could say there is not that big of a difference between its market capitalization and its fully diluted valuation, but it's not exactly true when we are talking about a cryptocurrency like Filecoin.

Stay sharp!

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