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PRL - excellent team, working product, innovative concept. The coin is 1/32 of its ATH.
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PRL! buy some before the Airdrop snapshot on April 6th!
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64 GB is very low, I believe Bruno said 512GB is more realistic.
512GB seems reasonable. I'm really hoping for 1TB even though its unlikely. It makes the most sense in my head to prepare for future storage needs but also 1 PRL = 1 TB seems like a better pair than 1 PRL = 512GB or 2PRL = 1TB. |
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I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?
According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm. Thanks, where does the 10 million coins to burn come from? I believe they said it's coming from Bruno's holdings. |
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I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?
According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm. |
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Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)
PRL price will be around 3$, hmm
By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from? 1 PRL is equal to 64GB that is the difference. Taking this into consideration, the value 3USD sounds valid. A small correction "atleast 64Gb" it could be higher than that. The pegged value will be a minimum of 64GB/yr. My personal guess is that it will1 PRL will be pegged at 256GB/yr or possibly 512GB/yr. |
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Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)
PRL price will be around 3$, hmm
By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from? |
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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.
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If you haven't bought into PRL yet, you're doing this crypto trading thing all wrong!
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Oyster PRL - Testnet B, Coin burn March 1st, Airdrop right after, Mainnet in April.
Get on it!
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There is no evidence for your words, how it can grow in the future. It's hard to grow as you say XD
I think it will collapse this month. What is your reasoning? |
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PRL coin! Buy now!
ELIX next month.
Also take a look at XSPEC.
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my opinion it will be 1$ until token burn
It will be 1$ tomorrow  Its going to hit 1$ in the next few hours! |
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Finally seeing a bit a momentum - Let's keep pumping! TESTNET B this month!
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Very good insights here. The fact that its forcing people to invest properly with real money and not credit absolutely adds to the legitimacy of the market and will hopefully create more stability. My next concern is whether or not this is the beginning of more obstacles being put in place by the powers to be. (ie. banning transactions with specific businesses)
Thoughts?
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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?
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Looks like the testnet went well!  |
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PRL easily will hit at least 20x by summer, same with ELIX. XSPEC will also moon by the end of the year.
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Both of the above issues will cause it to rise. Successful stealth staking will be the tech the anonymous community has been waiting for but the ease of buying on a more popular exchange is also necessary for the price to rise. Ideally, if they were released relatively close to one another, interest in the coin would jump significantly.
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