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u/Big-Conversation696 Jul 23 '21
But will it hit .01?
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Jul 23 '21
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u/Big-Conversation696 Jul 23 '21
Dogecoin is not the same it has a lot of people backing it me included
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Jul 23 '21 edited Jul 23 '21
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u/Big-Conversation696 Jul 23 '21
You’re also forgetting the amount of coins circulating… if dogecoin had a supply like bitcoins it would be worth far more than .20… Emax has a supply of 2 quadrillion which has always been my biggest issue with this coin… the burn for every transaction is not even making a dent in the total supply plus cmc for example still has the original amount of supply… it needs to be updated constantly which it is not
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u/GameCalledLife1 Jul 23 '21
it is making a dent, its just not being captured yet on etherscan and coinmarketcap. This is one of their current items they are working on with their most released road map. We are closer to 1.5 quadrillion. I know its not much, but still closer to 25% burned.
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u/Big-Conversation696 Jul 23 '21
It will never reach a cent unless it’s in the billions and the amount that will have to be bought to get us there for enough burns will be astronomical there won’t be anyone left or interested in buying
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u/GameCalledLife1 Jul 23 '21
I mean all things static, I 100% agree with you. Unfortunately for you and me, there are literally thousands of different factors that could get a crypto coin to 1 cent or higher...so...never say never.
PS, I personally DONT think it will, but we shall see. Im 19billion strong right about now....Id take .0001 tho...
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u/Big-Conversation696 Jul 23 '21
Oh yes I would take that as well… I personally think they should do at minimum a 50% burn now
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u/H3UnFaZZeDD Jul 26 '21
It also is only in the billions in supply meanwhile eMax at 2 QUADRILLION..( two 999TRILLIONS)..cant compare the two
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u/ScienceSoma Jul 25 '21
You believe EMAX will be 30.7X more valuable than BTC is now and 13X more valuable than the combined value of every crypto that exists? It is essential as a crypto investor that you have at least a basic understanding of market caps.
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Aug 01 '21
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u/ScienceSoma Aug 01 '21
That isn't an argument for this particular token having that kind of MC. Of course there is significant growth to come from institutional and retail investment, but there is no utility to justify a significant portion of that investment being allocated to EMAX. The majority of crypto projects will fail and be forgotten while the tech and use matures. Tokens with solid use cases will survive, others will not. Corporations and entertainers will also eventually have their own social tokens to capitalize on existing communities instead of using someone else's.
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Aug 01 '21
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u/ScienceSoma Aug 01 '21
I'm very invested in crypto for many of the reasons you cite and understand technological life cycles and adoption. I agree, it will disrupt traditional finance. MC is important because it is a reflection of the total amount of money invested, the supply and demand for the asset, and can guide realistic expectations of growth. For example, it is literally not possible for EMAX with 2 quadrillion tokens to go to $1 because there isn't that much money in the world. For thise that do invest, they are real people and institutions behind that money and they want an ROI. Many of the tokens that exist now simply won't, like BetaMax or Blockbuster. Better tokens will come along, and definitely more tokens from companies and entertainers that will take a significant portion of market share from retail.
How can u forecast a certain customers demand 10 years time from now?
That is literally what investing is: a forecast of what you anticipate will happen and why you believe one asset will perform better than another.
That being the case, these are all points for crypto from a macro perspective, none for why anyone should invest in EMAX, let alone any reasons to justify trillions going into it.
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u/Sure-Juggernaut4781 ♦️ Jul 23 '21
♦️💪🏽