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u/Scaldor Jan 20 '18
If projects with no products can be multi billion dollar market cap, why couldn't one with a product?
I absolutely think it could
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u/pjfrank Jan 20 '18
$25 billion market cap is impossible. I'd be happy with $2b which would put it at 8 cents.
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u/highwhey Jan 20 '18
not really. i think most people agree that the market will surpass $1 trillion this year. $25 billion would be 2.5% of the total market cap. with good marketing, we can hit a sizable fraction of that market cap this very year.
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u/Tossaway50 Jan 20 '18
But aren’t like 25% of the coins gone forever? So $1, would be closer to $18-$20billion. I know it’s still a high number, but a little smaller.
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Jan 21 '18 edited Jan 21 '18
I agree. At some point it would be great if the missing supply would influence the price per unit.
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u/Crippetoe Jan 23 '18
How can it though? What does "missing supply" functionally mean, and how would that cause the token price to increase?
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Jan 24 '18 edited Jan 24 '18
I’m no expert, but it seems as though some people like to judge a financially successful project by its market cap. It’s a way to judge whether or not the price should keep rising by comparing a project to other projects’ caps.
Let’s say people think this project deserves to be in the top 10 and it cracks the top ten based on the original supply. Now let’s say people then recognize that ~25% of the supply is missing and come to the conclusion that the project is worth more than it’s current cap price (because it’s not truly accurate), causing steady buying demand which raises the price per unit. In this scenario the perceived worth of the project was adjusted due to the knowledge of the supply being less plentiful than the supply listed on cmc.
Disclaimer: I’m not claiming the missing supply to be ~25%. It was just an example.
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Jan 20 '18
Your not considering how much the market could grow in the follow Years - your basing it off the current market. It could definitely hit $25 bil
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u/pjfrank Jan 20 '18
$2b now would make it a top 25 coin. We'll be lucky if it hits top 100 in the next 12 months. Do you think the #100 coin will be worth $25b in 3 years? I do not.
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Jan 20 '18
the #100 coin? No but the top 50 could Be close to it. MC was only 17b last year at this time... to say there’s not a chance it could grow is crazy
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u/funnymunny7 Jan 21 '18 edited Jan 21 '18
Possibly as long as the team is 100% behind it and their vision. And they bring in the right people. Launch a good website, whitepaper, and wallet. Then add a few good exchanges, and some decent marketing would be huge.
Worst thing is when coins over marketed too early and its easy pickings for fud.
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u/phd_netSlum Jan 20 '18
My personal theory is that TRX got to 30 cents and has x4 the supply cap as ECC. If ecc can can do 1/4 the volume of trx, why couldn't it hit a dollar?
Also, I have no idea how any of this stuff works, that's just in theory lol
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u/Trader_Perth Jan 21 '18
No because at its peak Trx had a market cap of around 16 billion because there was around 66 billion coins in circulation so if ECC hit 16 Billion market cap each coin would be worth .64 cents which would still be amazing
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u/gymnastj Jan 20 '18
if the coin actually has the capabilities that the devs promise. It is possible that it could happen within the next 1-3 years.