Oyster PRL is one of the more unique tokens on the market because it will be directly linked to a (semi) tangible asset. This means the price will likely stabilize as no one is going to pay for inflated prices when they can receive the same services elsewhere. Regardless, I'm trying to wrap my head around how to predict the price of PRL once the storage is pegged. Currently, we know that 1 PRL will be equal to a minimum of 64GB/yr of decentralized cloud storage. Any public releases did not state a ceiling to the storage value however it is likely not to exceed 1TB/yr, at least in my opinion.

What would be the best way to predict the price of the token will be once the storage is pegged?

My current strategy:

1) Look at various storage levels, ideally 64GB/yr, 128GB/yr, 256GB/yr, 512GB/yr, and 1TB/yr.
2) Compare those to other decentralized storage token rates like SIA and BAT
3) Discount the above prices by say 10-15% to make it competitive
4) You have the price of a 1 PRL

What are your thoughts? I welcome anyone to point out any mistakes I made as I am still learning the product.

Per their tweet yesterday, the following banks are now blocking the purchase of digital currencies with their branded credit cards.

Chase
Bank of America
Citi
Capital One

How do you see this affecting the market?

We've seen Ripple rise to spectacular levels over the last month or so. The team behind Ripple is undoubtedly one of the best in the business and its uses will change how big financial institutions operate. With the undeniable admission to Coinbase, what do we think will happen to the price? We all know what happened with Bitcoin Cash. However, the market cap on Ripple is already at astronomical levels. Currently sitting at right around 3$, here are a few questions to ponder and discuss:

Does market cap matter?

Will it break 10 dollars? 25? 50?

Will it crash almost immediately bringing the market with it?

The coin itself is merely a by-product of the service. Does this mean its price will dwindle long-term?


Ready, set, go!!!