All we need M2 with exodus wallet release then da moon,yum yum.
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My guess is that will take us to around 0.005, real moon is much later when entry credit usage goes through the roof and factoid supply gets sucked up.
I'm not sure I agree. FCT reached .0083 earlier this year, and .0064 just three months ago—before the Draper news + comments, before the testnet release, and before Bill Gates personally sought out Factom for a Foundation investment.
I think it's a mistake to consider the price now a "new normal." All markets are manipulated, but I've never seen anything like what's happened to FCT in the recent months. Yes, the whale-suppressors are losing steam, but ... they've taken it down from a Level 10 to a Level 4, and done a lot of damage along the way—not just to the price, but to perception. The FUD campaigns have also lost steam recently, but they're still popping up and will likely regain momentum when/if BTC rises again.
Consider an alternate scenario, purely hypothetical: BTC chugged along over the past couple months, gained a handful of percentages. Market manipulators did their thing, but weren't as organized and aggressive as they've been lately. GrossBit and minions decided to latch onto another market. ... Then the 4.2m raise and Draper news + quote, the testnet release after however many years, the Gates grant, and the pending release of M2 (Snow: "the capstone for this year and many others"). It's not hard to imagine FCT's market cap reaching 200m+ at this point, even pre-M2 release. Instead, some people now look at the heavily manipulated chart, the heavily manipulated discussions—and despite the fact that all evidence points to this being one of the most successful crypto projects in history, with a massive market (the world's data) and a world-class team—decide that .003 must be a fair and reasonable price. It's not. Even pre-M2, it's a magnitude too low. But here's the catch: even if it were at a 2-300m market cap, we'd still be having the exact same discussion—2x or 10x from here, same questions about timeline, etc. Whatever happens is normalized, even if what happens is far from normal, or accurate.
As a side-note, I'm really not sure why folks continue thinking FCT needs to justify its price according to current usage—a metric that no other crypto project is subject to, not even BTC. This was one of the several memes begun by the trolls that seems to have caught on FSR, but like all the others, it has no basis in investment reality. Even profitable public-market companies trade at P/E ratios of dozens, sometimes hundreds of multiples.
TL;DR: Ignore the false perception of reality created by market and social-media manipulators, and look instead at the tech, the team, the market size, and the recent news. Those two versions of reality paint very different pictures.
