Does NMC even have potential to skyrocket like LTC?
For example, it's not ridiculous to assume BTC may go as high as $10k or more... but NMC? No one wants to pay $10k for a domain name.
What determines the price of NMC, is it based on the market cap like BTC? Where do you guys see its real value saturating at? Just want to get an idea
NMC has consistently #3 liquidity in the BTC-E exchange.
1 Bitcoin $ 10,279,858,212 $ 840.34 12,232,975 BTC
$ 97,463,322 -5.62 %
2 Ripples $ 2,360,148,917 $ 0.024 99,999,998,168 XRP*
$ 79,421 -6.60 %
3 Litecoin $ 604,591,953 $ 24.50 24,681,342 LTC
$ 63,328,666 -7.21 %
4 Peercoin $ 126,336,219 $ 6.01 21,026,491 PPC $
6,170,561 -3.90 %
5 MasterCoin $ 75,231,644 $ 133.59 563,162 MSC*
$ 209,895 -18.35 %
6 Namecoin $ 50,306,687 $ 6.53 7,704,592 NMC
$ 8,013,423 -6.51 %
Coins that have a high valuation Ripples and Mastercoin really have a fictitious market cap.
Namecoin's volume is actually larger than Peercoin, now Peercoin is 3 times more valuable? Trading volume for LTC 6 months ago was like Namecoin is today, so just wait 3 months and expect a $70 valuation.
In short.... best advise... store the coin elsewhere and .... WAIT.