By June EOS will have 900,000,000 circulating supply. Upside will be necessarily lower. I think it's more realistic to look at the predecessor product market cap and combining them. (steemit and bitshares). Assume that happens over the course of a year.
Finally, there will be a hype curve. The ICO was constructed to try to avoid the destructive aspects of a boom/bust cycle. In that it's tough to overcome the negative press from a bust.
Personally, I'm not completely convinced this has been avoided. EOS is a long bet and it's probably overpriced now. Until there are Dapps sitting on top of it there is absolutely no value for the tokens other than speculative value.
I think in time a price in triple digits may be possible but will be unlikely until they have some killer apps built on the platform. And it's assuming those killer apps benefit from whatever form the EOS community takes when it's fully formed.
THank you for your input, if you look carefully at the equation, you would realize that its always analyzing the "given marketcap" against the "circulating supply" it is being compared against... its a relative and as more coins is added to the circulation it influences the given price of the token...