Price of Iota and tron

[moofie]

Hey guys,

I'm pretty new here on this forum. I have a question with regards to the user case of coins such as Iota and Tron. In some price speculations you see people saying that the price of Tron could reach 30 dollar and Iota 50.000. I am not that much interested whether it could be true/realistic so just assume it is.

What will happen to the user case of the coins if the value of the maximum devidable value is e.g. 30 dollar ? How would the system deal with the fact that if something would cost 5 dollar and the smallest amount to pay with is 30 dollar?

Thanks!

[dado7]

Hey guys,

I'm pretty new here on this forum. I have a question with regards to the user case of coins such as Iota and Tron. In some price speculations you see people saying that the price of Tron could reach 30 dollar and Iota 50.000. I am not that much interested whether it could be true/realistic so just assume it is.

What will happen to the user case of the coins if the value of the maximum devidable value is e.g. 30 dollar ? How would the system deal with the fact that if something would cost 5 dollar and the smallest amount to pay with is 30 dollar?

Thanks!

I really didn't hear of a token or a coin with maximum dividable value except those that require you to transfer a whole unit from exchange to the wallet without divisions.

Regarding IOTA and TRON value, nobody knows what's their final potential, but I can tell you what is more realistic to expect mid/long-term. If you look at the value and total distribution and compare to Ethereum (I always compare with Ethereum because Bitcoin is totally out of league) - Tron could increase it's value around 35 times, and Iota 17 times. However currently Iota seems more trusted and hence realistically expected to go there more soon, depending on the development of course.

IOTA at 50.000 is totally unrealistic. Since there are 2,8 billion IOTA there, it would meant that it's total market capitalization would be 140.000 billion. Current total market capitalization of all existing tokens and coins is 586 billion.

[secondgarlic]

Hey guys,

I'm pretty new here on this forum. I have a question with regards to the user case of coins such as Iota and Tron. In some price speculations you see people saying that the price of Tron could reach 30 dollar and Iota 50.000. I am not that much interested whether it could be true/realistic so just assume it is.

What will happen to the user case of the coins if the value of the maximum devidable value is e.g. 30 dollar ? How would the system deal with the fact that if something would cost 5 dollar and the smallest amount to pay with is 30 dollar?

Thanks!

You can divide all coins into fractions, so you can own less than 1 of any coin. Which means the scenario you describe should never become a problem.

Whether the prices will reach that far, is highly debatable. I don't think both of these coins will ever reach the price points you mention.

[moofie]

Thanks for your reply. I am fully aware of the fact that it is not realistic right now, but let’s assume it is in 2025. As I said, its more hypothetical speaking. Due to its high supply of Iota (not Miota), Iota was perhaps not the best example.

So what will happen to Tron if its value would increase to 30 dollars. From what I’ve understood, TRX will be used to settle transactions. Someone receives media/data (whatever it may be) and have to pay an X amount of TRX for that transaction. If you would make that transaction right now based on the current price of TRX, I wouldn’t see it was a problem because is pretty low value. Basically all transaction could be made. What would happen if an transaction would cost 5 dollar and the minimum value of Tron is 30? Wouldn’t that be impossible? Or would you be able to pay with 0,25 TRX?

And perhaps this example is not applicable to TRX or IOTA, but to another cryptocurrency such as NEO

[generalizethis]

IOTA at 50.000 is totally unrealistic. Since there are 2,8 billion IOTA there, it would meant that it's total market capitalization would be 140.000 billion. Current total market capitalization of all existing tokens and coins is 586 billion.

Actually, it's an undervaluation. IOTA is going to be >1 trillion or ~0. They are working with corporations and governments to become the backbone of the IOT. IOT is estimated to be 10-35 trillion dollars, so whoever successfully creates the network it runs on will get the lion share of that value. Anything under 10 will be considered a gift if they are successful.

[dado7]

Thanks for your reply. I am fully aware of the fact that it is not realistic right now, but let’s assume it is in 2025. As I said, its more hypothetical speaking. Due to its high supply of Iota (not Miota), Iota was perhaps not the best example.

So what will happen to Tron if its value would increase to 30 dollars. From what I’ve understood, TRX will be used to settle transactions. Someone receives media/data (whatever it may be) and have to pay an X amount of TRX for that transaction. If you would make that transaction right now based on the current price of TRX, I wouldn’t see it was a problem because is pretty low value. Basically all transaction could be made. What would happen if an transaction would cost 5 dollar and the minimum value of Tron is 30? Wouldn’t that be impossible? Or would you be able to pay with 0,25 TRX?

And perhaps this example is not applicable to TRX or IOTA, but to another cryptocurrency such as NEO

By 2025 most of the current coins will probably be dead. Maybe not. But it is a very long period for crypto indeed. But I repeat again, I don't think that such subdivision limitation exists. And if it does I also don't believe it is so impossible to change it inside the code - it would be a scaling problem that would need to be solved, similar as the block size problem with Bitcoin....

IOTA at 50.000 is totally unrealistic. Since there are 2,8 billion IOTA there, it would meant that it's total market capitalization would be 140.000 billion. Current total market capitalization of all existing tokens and coins is 586 billion.

Actually, it's an undervaluation. IOTA is going to be >1 trillion or ~0. They are working with corporations and governments to become the backbone of the IOT. IOT is estimated to be 10-35 trillion dollars, so whoever successfully creates the network it runs on will get the lion share of that value. Anything under 10 will be considered a gift if they are successful.

If one of them will be accepted as general instrument of payment all over the world, it will be, yes. But we really have too keep ourselves at mid term thinking as choosing the right one among 1000 coins, and yet more to be announced, is nearly impossible.

Also, for the purpose of speculation, I don't believe that anything accepted as payment instrument will have individual value much higher then current 100 USD, only a very high market cap.