NatureMoves (OP)
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March 08, 2021, 12:43:55 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
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OcTradism
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March 08, 2021, 01:10:09 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
Ethereum is an altcoin and its price won't be higher than bitcoin, never. The possibility for Ethereum price to touch $100,000 is very low but there is a very small prob that it might happen. I don't believe in it but you can consider the related price of bitcoin. If Ethereum gets a price $100,000, what price bitcoin will have in that day? $1,000,000 for one bitcoin. 2030 is 2 years later the next two halvings: next one is in 2024 and second is in 2028. In that day, bitcoin will create a feeling of scarcity as its block rewards will be halved two times and become 3.15625 BTC for every bitcoin block. $300,000 in 2025 and $1,000,000 in 2030 is very possible. https://www.bitcoinblockhalf.com/
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South Park
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March 08, 2021, 03:09:19 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
You need to use your common sense that is how we know that those kind of numbers are unreachable, for ethereum to each 100k in 2030 it will need a market cap of 11.5 trillions and that is with the current number of coins, we know its supply is going to keep increasing so that number should be even higher, so unless there is an important amount of inflation during that period, something possible by the way but which will defeat the purpose of a prediction as we wont know how much that money will buy, ethereum will most likely not grow as much during that time frame.
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dihari
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March 08, 2021, 03:25:49 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
You need to use your common sense that is how we know that those kind of numbers are unreachable, for ethereum to each 100k in 2030 it will need a market cap of 11.5 trillions and that is with the current number of coins, we know its supply is going to keep increasing so that number should be even higher, so unless there is an important amount of inflation during that period, something possible by the way but which will defeat the purpose of a prediction as we wont know how much that money will buy, ethereum will most likely not grow as much during that time frame. for that price, eth can't walk alone. it needs bitcoin to reach $1,000,000/btc to make it possible. it means bitcoin is likely taking about 10% of total worldwide household wealth in the world and ethereum behind it. nothing is imposible these days, i'd never imagine in 2017 eth can reach $1700 today. who knows. keep positive vibes!
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TastyChillySauce00
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March 08, 2021, 03:28:55 AM |
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I think it's because to reach trillions of market cap you need enough liquidity and cash flowing in to the market other wise if there's not enough liquidity people gonna start to dump it and if ETH price going $100K pictured as ridiculous because their total supply that keep increasing day by day and how much the circulating supply of this coins out there. even BTC with its limited total supply still having a hard time reaching that high.
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shinratensei_
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March 08, 2021, 06:54:57 AM |
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I think that anyone has their own criteria about whether the marketcap of such coin is too much or not.
The majority of people will be seeing it from the benefits that already given by the coin to its holders. If such a coin offers a common feature to its users and there might be some people who will be called that an overvalued coin. Rome was not built in a day. Like bitcoin, slowly but surely reaching the 1 trillion MCAP.
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crzy
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March 08, 2021, 07:09:11 AM |
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This is the most advance speculation I've ever heard, imagine, almost 10 years from now people are indeed too optimistic about the future of cryptomarket. I don't what will happen by that time but hopefully inflation are still normal, and the mass adoption has already begun by that time. ETH is the best altcoin as of today, its hard to tell in the next 10 years because of too many good project today especially with BNB.
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yazher
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March 08, 2021, 07:14:04 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
Not yet, man, it needs to reach $10,000 each 1 ETH first and stay there for a long time before we can talk about those crazy numbers, or else we are just talking without some solid evidence or whatsoever. Right now the only hot topic is whether ETH will hold its current price for several months or it will fall again these coming months. I think they should fix their transaction fee first before jumping to any conclusion with their price because imagine if that was the case in the next 10 years, how much would have the transaction fee is?
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bittick
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March 08, 2021, 07:37:21 AM |
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You can try to imagine when there's someone that said the price of ethereum could reach 10k in this year and it sounds like what he was saying totally non sense. The marketcap should be based on how good usability that already offered. The majority of traders and investors were seeing it based on th total supply combined with the initial price and usability. These combination will determine whether the coin is overvaluer or undervalued
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FrozenBit
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March 08, 2021, 07:49:48 AM |
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Can you see the market then?
I wonder if it is too crazy that it can happen or not, such a scenario tomorrow is unlikely to happen and if it goes up to $100k then we probably won't be sitting here.
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isaac_clarke22
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March 08, 2021, 07:59:49 AM |
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~
Save that question after Ethereum at least reached 50-70k. I wonder where did you get that info that ETH will reach 100k in 2030? Even Bitcoin right now is still trying to breach past 60k when it got price correction lately. Many asked the same for Bitcoin like if it will reach 100k back in 2017 when it was still around 20k. Right now we're going closer to ask that question to Bitcoin.
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Kitaiev
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March 08, 2021, 08:01:57 AM |
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At the moment i can't even dream about such a price for Ethereum at the moment only science fiction writers can dream of such a sum. However i'm inclined to believe that Ethereum will be able to reach $ 10k per coin in the coming years.
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rahmatullah9305
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March 08, 2021, 08:29:54 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
Okay, let's discuss this completely and thoroughly, because this kind of thing is very interesting to discuss on an ongoing basis, first you have to complete is the 100k number, whether in dollars or in the form of currency values in your own country, because now Ethereum still priced at $ 1,680, and I am questioning your 100k about that. The second is that any coin that has a large circulating supply will not always experience growth in market capitalization, as this also relates to the number of interest in the coin.
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virasisog
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March 08, 2021, 08:36:22 AM |
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For ETH to go up that much it has to surpass BTC's current market cap, ETH price can rise up but let us be more realistic. With ETH's current transaction price issues I guess no one would ever use the platform if the price increases some more and if they have't fixed the issue by that time.
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blockman
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March 08, 2021, 08:36:52 AM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap.
I wouldn't draw that high prediction on that year. I might skip some years but that would probably predictions for around 2025 or 2026. Right now, I don't think that we'll see that price because it's hard to believe. But maybe after a few years of showing that ETH will also reach bitcoin's price @ $50k then I might start believing it. but why can't they reach trillions in market cap?
Because the market is still considered young and not yet matured.
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ene1980
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March 08, 2021, 09:28:48 AM |
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How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap? You can invest a trillion dollar and force those coins to reach those valuation, i want to see Doge to reach a million dollar one day . If you could attract investors in a particular coin then it will reach a trillion dollars. Ethereum is an altcoin and its price won't be higher than bitcoin, never. The possibility for Ethereum price to touch $100,000 is very low but there is a very small prob that it might happen. I don't believe in it but you can consider the related price of bitcoin. If Ethereum gets a price $100,000, what price bitcoin will have in that day? $1,000,000 for one bitcoin. So you think there is small probability that the price of ETH could reach a valuation that is insane and that too with a coin that has no limit on the number of coins in circulation, may be the government is printing out trillions to match these demands of coins that can be minted in unlimited numbers and some expect the price to rally like a limited circulation coin .
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ZaraCB
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March 08, 2021, 09:49:14 AM |
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There are some people who like to spread rumors. They pretend not to see or understand the market cap or market data. No one can say for sure whether the price of Bitcoin will be $100k in 2030 and how ETH will be $100k there. That ETH is not yet reach $3k.
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leea-1334
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March 08, 2021, 12:02:16 PM |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
Which is crazier? $1 million BTC or $100k ETH? To me both are equally crazy but I guess in 2030 by that time we will have very modern dapps, ETH 3.0 or even 4.0 coming up,,, BTC also will be passed for 2 more halvings. Nothing is "can't" in crypto I have to say, but think about total wealth in the world. If US keeps printing trillions though, why not right?
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GideonGono
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March 08, 2021, 12:31:03 PM |
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$100K per ETH? With unlimited supply I don't really think it could happen or it would really be so hard. Who knows maybe it could also be the other way around maybe ETH would be replaced by other project and would crash.
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akirasendo17
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March 08, 2021, 01:17:49 PM |
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That is too much prediction, you mean they can overtake bitcoin? I think the price can reach up to 5k USD in 5-7 years I can't see the price to 100k USD, but I don't say it can't be achieved but there could be something that Vitalik should do to reach that price or collaboration in the near future, but not in 10 years, maybe more than that.
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