So, here is my take why Electroneum will surprise many naysayers.
I'm just looking at some of the "shitcoins" (not my terminology, this term is widely used in the crypto world) out there with less momentum and less hype when they started. Some of those coins broke into the $1.00 range within a week. People talk about market cap being the deciding factor of what Electroneum will be worth when it hits the markets. Let me tell you that market cap does not mean everything. Market cap plays a bigger role in the stock markets where supply of shares can be altered. In cryptocurrencies, like Electroneum, there is only a finite supply. Here's an analogy, let's pick gold for an example, we all know that there's is only a finite (not infinite, that's the difference) supply of it but no one cares what the price of gold is or it's market cap for that matter. Did anybody care that gold was only in the $800's in 2008 and then doubled in only 4 years, in 2012? No, the demand is not created by the market cap of an asset. It's the demand that drive's the value of it. Not all the rules of your traditional markets apply to this new era of "trading". In the current times we live in, the success of a company is driven by social media, and hype. Electroneum has an edge in those categories; just look at the team leading it. My price prediction: given that there's no data, yet, to analyze, I think we will come out of the gates between $0.10-$0.50. Give it a week or two and we will be in the whole dollar range of $1.00-$5.00.
"But what do I know?" - Fugazi!
the electroneum himself will not sell more coins,ever, according to their announcement. now, if the most buyers bought the coin to mine with the mobile wallet, like I did, I assume that it will not be a big dump after November 1st, so the price has a big chance to hit a dollar. especially that out there are a lot of buyers that didn't had the chance to buy any.
but lets see what happens
I too remain very optimkstic, sir. 👍
Well, we need to wait and will see ;)
Yea, @fugazi13 !! Keep writing. You are smart dude.
E-mail me: [email protected]
We can mastermind together.
Market cap is important to control supply. A lot of shitcoins were inflated and the value is dropping drastically not align with demand. Keep writing dude.
I've found how you can utilize ETH on this platform :
https://steemit.com/ethconnect/@keronzi9/ethconnect-ico-review-first-ethereum-based-lending-staking-mining-platform
ETHConnect made terrible mistakes, and has got SCAM alert in bitcointalk. Do not invest time and money there!