21 billion supply + amateur devs = tiny chance for this coin to reach USD$0.90 in a few months.
Get a plan B asap.
21,000,000,000 ETN * 10 = 210,000,000,000 BILLION USD, people are dreaming... I think this coin will never reach 1 usd...
Nearly impossible to reach $1. Amount of tokens is 6x Ripple!!
Finally, someone who knows that numbers don't lie + Ripple has an excellent team behind with some banks backing up their technology, those guys here are not even able to erase "Monero" from the code they forked...
And people here are saying that this coin is a good coin, even Better than Ethereum... Hahaha, don't make me laugh guys, please.
You guys are claiming this coin will surpass even Bitcoin, wow, and I'm the "newbie" over here??
I agree. $1 for this coin with all the 21 BILLION coins in circulation is likely not to happen very soon (especilaly since the coins will take time to be mined).
$10 is stupid.
But...
As for the NUMBERS, they speak by themselves, and here's my vision:
A- SUPPLY
1- XRP has 38 BILLION coins circulating and a max supply of 100 Billion (will be mined/released over time)
2- ETN has 5 Billion circulating and a max supply of 21 Billion (5x less than XRP). As for XRP, the max supply will be mined overtime.
B- VALUE
Let's speak about marketcap.
XRP is a $7.8Billion juggernaut. Overpriced imho, and most of the experts I know do not consider it as a good investment as it may keep is value at best.
My take: XRP tries to sell something to their own worst enemy: banks.
At best they manage to do something and the coin goes x2... at worst Banks try to kill them (no wonder they went from banking solutions to interbank payments solutions and now deal with the country feds)
That said... let's speak about ETN.
When ALL the coins will be mined, ETN may be a juggernaut weighting $20Billion, maybe 5x more as we speak about something that may happen in 3-5 or even 10 years. We could see $1 per token, but it's gonna be in a long time (and $1 may not be worth a lot LOL)... It's not interesting talking about that now.
What matters is the market valuation TODAY... or in a few months at least:
My take: I hear that ETN could be the new NEO for Europe. It's a different coin, NEO does spart contracts and is very specific generating GAS etc...
Imho, ETN is to be compared to OMGExisting company, crypto-for-the-masses. OMG is in SE Asia and ETN in the UK/Europe.
Comparable economies in size and diversity (albeit EU has more stable and simple regulations)
As a result, as I believe OMG can reach $1.2 Billion again (post BTC shitforks), I also do believe that ETN can reach $1.2 Billion in market cap.
I even believe that ETN may reach a slightly higher figure, probably $2Billion, and sooner than OMG. Simply because the EU market is more open than SE Asia, and has less competition from China and Japan. ETN is on a green field.
Moreover, their pseudo-mobile mining system, even if not 100% real mobile mining, is a great way to general mass acceptance. And this is very smart.
C- Price per TOKEN
Let's table on 6Billion coins for the calculations (a crazy round up to the current 5 Billion to talk into account some mining... it kills sterile discussions in the egg regarding the number of coins that can be generated in months...)
Let's imagine $1.2 Billion market cap for ETN, post fork, after a couple announcements and some partnerships to some
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$0.2 per coin is the right figure imho. It's the support number for me.
Optimistically, I do believe that, with some hype, and especially a lower circ. supply than 6Bill, ETN can be traded for around $0.25 to $0.30 in the future. That's for figures guys. Happy to talk, but bring solid figures please.
