Any possibilities verge price hit 1000 sat at year end 2017.Any opinion or comments
No, why would it?
for healthy discussion, better comments with the reasons
kel-alt -
All that has to happen to get XVG to 1000 sat by year end is for market cap to be 400 billion
and XVG to get its share - 250 x 4 = 1000 100 b x 4 = 400 b - today mc is 82 b, close enough,
and mc looks like it is coming back with about 50-50 red-green this morning. Unless this is
'dead cat bounce'.
One or two commentators I think are smart think the mc could be 1000 b by year end,
that would put Verge at 9 or 10 x 250 = 2,250 sat or about $.05 with todays BTC price -
but 9 or 10 x $2350 (today BTC price +_) is 21,150 x .0000225 = $.47 ....
So, long shot maybe about $.47 by year end. $1 would take mc of about
2 trillion or $42,300 BTC price. More likely projections are BTC 5k XVG $.005-.012 -
BTC 10k XVG $.012-.024. High estimates assume continued out-performance of alts by
5-10x. Five to 10x moves are not uncommon with alts and can happen independent of BTC price
and total market cap. If Verge is recognized as being a top privacy coin it will compete with
XMR, XBC, PIVX, ZEC, DASH, etc. and go up in value. It seems to me to be undervalued currently.
Time will reveal the true value of Verge.