“Wide diversification is only required when investors do not understand what they are doing.”
Warren Buffett
True. But it's a rule that does have exceptions in new markets. The anonymous market is a new market. Hence there is explosive growth potential (anything that starts with 0% marketshare has explosive growth potential) for most coins that start in that market. They can go from 0 to something back to 0 (p&d) but ok... you ride the wave and cash on it.
These are quite predictable (quoting myself from 4 months ago):
=>
The general crypto boom is over. Those who saw 8000%+ profits from BTC in < 2 years were the lucky few. Who we be the Levi Strauss of the crypto era - a man who started a small business selling new-fanged denim jeans to the gold miners back in '49. Perhaps you've heard Levi's?
I think cryptos in general have a lot of potential. I mean most people don't even know what Bitcoin is, let alone altcoins. And, if you factor in that around three quarters of the planet live in countries with high inflation rate (not EUR, GBP, USD etc - which of course are inflated too but to a lesser degree), cryptos could be a nice alternative to the national currency - and much more convenient than gold for trade purposes.
DRK looks interesting enough, but whether or not it shoots up and outrageous amount to $20, or even $100 by next year is largely irrelevant,
Darkcoin is providing a second option vs the monopoly of transparency in which ther coins are in. This means that if someone wants their crypto deposits / crypto transactions to be more private they'll have to move over to DRK. The transparent market is at 100% right now while the more-private market is at near 0%. In terms of "market growth potential" what will happen should be pretty easy to figure out.
With a market cap of ~8bn (BTC+other alts) to 3mn (DARKcoin), the prospect of capital flowing toward the DRK side is "significant". Even if
one per cent of the "transparent" market moves to the more private market,
we're talking about 80mn USD boost that is there to share for DRK or other anon coins which may follow - and they will not be necessarily mutually exclusive (one could practice transferring money through 2-3 anon coins, implementing different solutions, for extra safety / privacy). Needless to say what may happen if tax authorities start to crack down on BTC. The "just 1%" may suddenly become several % - with a corresponding boost in value of the private coins.
I mean, from a market perspective, and with such prospects being there,
even if the anon market is shared by 2-3-5 different coins in the long run, this is a 9-digit to 10-digit market (xxx millions to billions) that they will share between them. Current market cap of a few million USD may seem like a joke by then. With such fundamentals, who needs hype, or pump and dumps?
Coinmarketcap:
# Name Market Cap Price Available Supply Volume (24h) % Change (24h) Market Cap Graph (7d)
4 Darkcoin $ 39,684,592 $ 8.96 4,428,986 DRK $ 1,241,651 -2.71 %
10 VeriCoin $ 8,590,135 $ 0.320769 26,779,852 VRC $ 1,465,966 +17.07 %
12 Bytecoin (BCN) $ 8,129,054 $ 0.000052 156,642,854,474 BCN $ 3,165 -3.50 %
16 Monero $ 4,677,589 $ 2.63 1,780,026 XMR $ 119,672 +10.60 %
18 XC $ 4,460,178 $ 0.808752 5,514,891 XC* $ 80,184 +4.30 %
20 Neutrino $ 3,722,219 $ 0.017692 210,394,506 NTR $ 864 +9.82 %
33 Razor $ 1,364,053 $ 0.909187 1,500,300 RZR $ 275,847 +11.02 %
34 CloakCoin $ 1,336,960 $ 0.296237 4,513,147 CLOAK* $ 50,087 -4.84 %
38 Anoncoin $ 901,704 $ 0.848384 1,062,849 ANC $ 13,695 +16.56 %
41 CryptCoin $ 785,813 $ 0.264090 2,975,551 CRYPT $ 55,486 -9.35 %
42 Cinni $ 735,970 $ 0.048990 15,022,999 CINNI* $ 26,377 +12.61 %
44 SuperCoin $ 631,008 $ 0.042811 14,739,465 SUPER $ 58,587 -10.77 %
51 Boolberry $ 463,752 $ 0.850716 545,131 BBR $ 11,018 +12.99 %
54 VootCoin $ 425,579 $ 0.006177 68,898,641 VOOT $ 54,236 -5.94 %
= 76mn USD (in line with my projection) of which the majority (65.52mn) is shared by the top5 and DRK has 52% marketshare of the entire market (it's usually ~60%+ but the price spiked down today)
Naturally, the others that started out of nowhere, had even larger marketcap explosions (in terms of %) compared to DRK which had ~2mn or something 4 months ago.
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