Question asked on Musing.io by chuuuckie

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musing-threads · @chuuuckie · Nov 2 '18

$0.47

Question asked on Musing.io

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Question answered on Musing.io

<a href="https://musing.io/q/chuuuckie/pkudrxll5">View this answer on Musing.io</a>

`author`	holovision
`permlink`	fk6uy6l9x
`category`	musing-threads
`json_metadata`	"{"app":"Musing","appTags":["cryptocurrency"],"appCategory":"cryptocurrency","appTitle":"What if Steem reaches $1 Million USD of Market Cap?","appBody":"<p>Do you mean $1 billion? I just checked on https://coinmarketcap.com/currencies/steem/ and steem's market cap is $226,534,603 USD and the trading volume for the last day has been over $1.3 million USD.</p>\n<p>If you mean a $1 billion USD for steem market cap:</p>\n<p>Market Cap = Price X Circulating Supply, so:</p>\n<p>1,000,000,000 = $0.805 X Circulating Supply</p>\n<p>Circulating Supply =  1,242,236,024.84 steem</p>\n<p>Since according to coinmarketcap.com the current circulating supply of steem is  281,918,531 steem a market cap of $1 billion USD at this price point is impossible.</p>","appDepth":2,"appParentPermlink":"pkudrxll5","appParentAuthor":"chuuuckie","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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What if Steem reaches $1 Million USD of Market Cap?

<p>Its $1 Million, </p>

`author`	chuuuckie
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