To reach $1? With the supply of 88,226,595,341 IFC, you would need a market cap of over 88 Billion, have fun trying to achieve that.
With a Global Economy roughly at 470 Trillion I see IFC reaching 1USD a piece very feasible. Especially when you have a cryptocurrency which is a verifiable fund.
thank you! i dont know why people are so obsessed with "MARKET CAP". did the current btc cap seem possible to these guys just a year ago?
People are obsessed with market cap because it's actually a useful metric as opposed to the price of an unit.
For example suppose I have a crypto with 100,000,000,000,000,000,000,000 coins, by the logic in the this thread if it's almost as good as bitcoin it could reach a price of 1c per coin??
NO!!, that's ridiculous, that would mean that all the coins together would be worth $1,000,000,000,000,000,000,000!
I mean it is technically possible for IFC to reach $1 per coin, but for that to happen tens of trillions of dollars would have to be pumped into crypto currencies and every other coin would be about $10 - $10000 each, because just about every other crypto has less coins than IFC so each coin is worth more.
This is why everybody uses market cap for comparisons.
Current price of IFC: 0.00004194; to reach 1$ it has to multiply 23,843.58607534573 times.
BTC was about 0.01$ and now it reached about 1200$; MULTIPLED 120,000 times!
So quite clearly you don't need trillions of dollars to be pumped in!
And to reach 1$, IFC has to rise 5 times less than what BTC had to, to reach 1200$
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