Absolutely. Far less creditable coins have reached it before. This has an existing industry where it is just replacing the monetary token already being exchanged. With no code issues this could be very promising!
Doesnt change the fact that it isnt worth $100m then, and just like other coins it will crash when the evaluation is pumped way to high
Enjin disappoints me. They have so active community but there are only less than 20 to 50 people promoting it on forums. I don't think it will reach $100m market cap. It will be half dead in a year.
They do have a marketing plan in place to pay community owners to start accepting enjin coin, but I dont think there is as huge of a call for it as some people might think
Why not. Of course it could reach that market cap. But for new coin in ico, its not going to be instant. It needs several year to reach it. But everything is possible.
I wrote my analysis of the coin in the video I posted on my thread. If you are interested to hear my non biased review on it you can check it out :
https://www.youtube.com/watch?v=ZNRo0jmH14cI think i could reach easily 1$ within a few months.
It just need to established well
In a few months it wont be adopted, and in a few months they wont have any scaling power. So you think it could be evaluated at $1b purely on a idea? That is extremely far fetched. I created a video on how to evaluate coins and the things to look for, you should check it out :
https://www.youtube.com/watch?v=LLwHkIKhddw&t=0sWill depend on how much their ICO raises, of course.
But their advertising was on point and they have indeed spent a lot of time and effort trying to market their product - a very good sign. $100 million in the current cryptocurrency world is not hard at all for such a well advertised product.
It may well exceed gamecredit, which is at $142mil right now. Even if it doesn't beat gamecredit it can still have $100m valuations.
They are over raising for this. There marketing doesnt really show how well there coin will do, it shows how much money they will get from funding. After they reach the minimal, the marketing is really only good for raising more useless capital. They need to create a good product that can be implemented which if you saw my analysis video in the OP I dont think it is feasible. Game credits is over evaluated as well, so we can surely see a drop with that.
Currently the crowdsale sits at $21 million.
It is not rare, at all, for ICOs to quadruple or more their price. ETH probably 100x its initial ICO price or potentially more. Alongside a bitcoin bull market, there is probably a guarantee for Enjincoin to have at least $100 million in market cap.
Whether or not it goes to another level and gets into the $500 million+ is another question.
The question really shouldnt be " can enjin reach 100m" it should be " can enjin reach 100$m in market capital justified" and the anwser is simply no right now. We are not given much information in the whitepaper and doing a small amount of research, you will find that it likely will not be able to be scaled. If you check my video in the OP I explain more about this
As long as steam did not involved in this coin i think it is too hard for enjin to get bigger. What i know steam is the biggest company in this induatry for now. Especially for esport. I like the concept enjin coin offer. But we need to consider themonster of this industry
That is not even the biggest problem enjijn coin has, check the video in the OP for my non biased review
