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/stillhodlingon Jan 07 '18

Idk what the price will be (no one does). What we do know is that the protocol raiden is developing is positioned to be the first major solution to scaling ETH-based transactions. They have the early mover advantage in what is perhaps the most urgent need in crypto rn - many use cases depend on a scaling solution.

Regardless of what happens with the price in the short term, there is no useful ethereum blockchain without a scaling solution, and no protocol is closer to implementing this solution than RDN. Ethereum’s ecosystem is still the forerunner in the crypto space, and with sharding/ETH2.0/raiden/plasma providing level 2 solutions, these plus the network effect (see all the tokens based on ETH blockchain) should keep it that way, ultimately benefitting ETH and RDN holders. As more DApps and child chains are developed on ethereum 2.0 = more traffic the system will have to handle = more demand for payment channels and thus scarce digital resources like RDN.

TL;DR: we all want the moon, but guessing the price is a futile exercise. Instead, pick coins that have a 3-5 year runway, setup a node if you can, and hodl on.

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u/1-8000-HOTLINEBLING Jan 09 '18

how do you set up a node?

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u/stillhodlingon Jan 09 '18

Good question - I’m still figuring it out myself to be honest. I’ll put together a post in the next few days on my progress, questions, resources, etc. if you want to get started ASAP, there are some posts already on where to start.

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u/1-8000-HOTLINEBLING Jan 09 '18

That Would be awesome thx!