How Token Prices are Determined
The Relationship Between Token Value and Holders
As corporate investors know well, in the crypto market, a token’s market capitalization tends to be clearly proportional to the number of that token’s holder addresses on the blockchain.
Specifically, a simple analysis of the data shows that for each new address holding a token, its market cap appears to increase by approximately $11,000 per address.
This is a logical concept that many in the crypto space already understand; the more people are holding a token, the more that the token tends to be more highly valued by the market.
This is an interesting trend to keep an eye on as the crypto market continues to grow and evolve.
In addition, according to a joint report released by Boston Consulting Group, Bitget and Foresight Ventures, by 2030, only 8 years from now, the number of people using crypto will surpass 1 billion (which is 20% of all mobile device users today).
As crypto adoption grows worldwide, we look forward to playing a part in the realization of Web3.
Read our whitepaper for more details: https://socialgood-whitepaper.com/
Disclaimer:
The SocialGood (SG) token is a utility token. SG is not a security, just as real estate and gold are not securities.
The description above does not refer to the nature of SG in any way. The appreciation/price increase of SG is not guaranteed.
The Company is not responsible in any way for the fluctuation of the price of SG. The Company is not liable for any loss/damage/injury of customers in relation to SG. The description above is not intended to solicit investment. The description above is only for the purpose of providing general information for customers. The description above may change without prior notice and the Company is not responsible for the current description and for updating the description.
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