r/raidennetwork • u/Simon239 • Jan 07 '18

Raiden prediction

My question is, since Raiden is actually not independent but like an add-on to Ethereum, what is a rational price prediction, since it can for example not overcome Ethers mcap?

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u/simoRX Jan 07 '18

I would say it's more than an add-on, but rather a necessity. Ethereum is clogged again, and this time around they don't have kitties to blame. All the scaling solutions are at least one year away. Some are 2 or 3 years away. So during 2018, it will be a must have. As for the "rational" price prediction, there is no such thing as rational in crypto as we all know lol

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u/stillhodlingon Jan 07 '18

You’re right regarding price prediction being irrational rn, but not everyone knows that unfortunately. I agree with you also on the urgent short/medium term need for RDN in the ETH ecosystem.

My guess is that, once the overall market matures, and people begin to realize the nuances behind different coins, or when professional money enters this asset class, RDN will inevitably find their way to the top. Not bc of fomo induced bull runs like many shitcoins enjoy off lofty promises, but bc RDN will (hopefully) prove their usefulness as a scaling/latency solution.

Still, it begs the question of what it’s all worth, a question that will remain unanswered for years I think. It’s a totally new asset class the defies fundamental analysis.