Jun 17, 2017 12:44 PM
(This post was last modified: Jun 17, 2017 12:48 PM by Gunrox.)
Will not be surprised to see dollar parity at launch of exchanges. From there- who knows how high it'll go? I'm sure everyone involved is very happy about the current OTC prices, and overall position of this project. Lots of strong community members looking to push this thing to the top in terms of marketcap. Everyone who didn't buy in during crowdsale is kicking themselves right now and it's funny seeing threads regarding this coin all over bitcointalk.
I've just calculated if Golem would have started trading today with current Bitcoin price (2500$/btc) at 1000 sats per 1 GNT, it would have $20.7m marketcap.
But considering that at the start Golem had neither a working prototype, nor it's own programming language, Elastic should have at least $35-40m marketcap at start.
I'm not even saying that Elastic won't ever have 100m tokens, because there are lots of people, who will never redeem their tokens due to they lost their private keys, wallets, etc. I would expect only 75-80% of total tokens will be ever redeemed. So probably there's gonna be only 80m XELs in circulation, which makes it even more valuable...
I've just calculated if Golem would have started trading today with current Bitcoin price (2500$/btc) at 1000 sats per 1 GNT, it would have $20.7m marketcap.
But considering that at the start Golem had neither a working prototype, nor it's own programming language, Elastic should have at least $35-40m marketcap at start.
I'm not even saying that Elastic won't ever have 100m tokens, because there are lots of people, who will never redeem their tokens due to they lost their private keys, wallets, etc. I would expect only 75-80% of total tokens will be ever redeemed. So probably there's gonna be only 80m XELs in circulation, which makes it even more valuable...