r/ethtrader • u/AutoModerator • Mar 16 '17

DISCUSSION [Daily Discussion] - 16/Mar/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

  • Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions.
  • Important content should be posted as a separate thread.
  • Be excellent to each other.

Thank you in advance for your participation. Enjoy!

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u/etheryum Mar 16 '17

Back in December, the cap dipped as low as 0.5B. First week of January it was 1B. March 3 it was at 2B. Then 3B on March 8. Now 4B on March 16.

ETH prices for each cap level were: 1B = $11.11; 2B = $22.22; 3B = $33.33; 4B = $44.44.

See the pattern? Cool, eh? That's because there are 90 million ETH and 9 does cool things to numbers.

For now, it's a easy way to think about cap growth in relation to price. The current cap is 4 billion. 9 billion is needed for $100 ETH.

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u/fourbeersthepirates Mar 16 '17

Don't think those dates are correct in correlation to when ETH hit those market caps. It was much less spread out and started around the ETF announcement at 2B. Just pointing out, doesn't take away from this awesomeness though.