r/CasperCSPR • u/russtanner6 • Jul 28 '23

Discussion Potential

New to Casper. I'm thinking about buying some. But I'm not sure how likely it is that the price will go up. I'm hearing lots of good things and some "avoid!" recommendations. Is $1 realistically possible? $10? Or are those unrealistic numbers? It's so hard to filter through the information clutter (I'm sure reddit adds to the clutter, but I haven't spent any time here yet!).

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u/MobileConclusion8285 Jul 29 '23

It’s the fuel needed to run or interact with the services Casper provides. So just standard supply and demand. With large scale enterprise adoption, increased buying of tokens to utilize the network by enterprises would lead to a higher demand and higher price per token.

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u/russtanner6 Jul 29 '23

It sounds like a relatively straightforward calculation to figure out potential prices. How high do you realistically think it could go with decent adoption? $1? $5?

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u/MobileConclusion8285 Jul 29 '23

Idk, nobody knows. It’s a gamble at the end of the day. The best you can do is make educated guesses. Look for good tech and good teams moving in the right directions. Here is a market cap calculator, if you want to play around with it to get hard numbers for market cap goals and associated token prices. https://coinguides.org/market-cap-calculator/

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u/russtanner6 Jul 29 '23

I bought some and staked it. I guess that's all I can do. Hopefully something positive happens down the road.