MultiversX Tracker is Live!

To all the folks thinking $1 or $2 price for moons is the end goal - you're missing the big picture

All Cryptocurrencies

by COINS NEWS 198 Views

I know, I know, your daily dose of hopium and whatnot.

Just think about it. It had the price $0.4 in August. Without a mainnet, without a use case, without an entity behind them that's going to IPO soon (if you missed the news). All of those are in the pipeline, and really soon. The price was $0.4, 40% of "dream price", with being available only on two smallish swap sites. With daily volume of a few thousand of $. Without anyone (besides people here) knowing about them.

Doge has the marketcap of $25 billion. No one in their right mind would think this is possible just a year ago. It's a joke, for Satoshi's sake. It did not have a whitepaper a week ago. It just started, and against all odds started going up, giving tremendous return to the holders that thought of it as a joke.

Sure, Doge was one of the first meme coins and practically no one can top their meme coin status. Except Shib did just a few weeks/months ago. Of all the meme coins, Shib did it (this makes no sense, but that's a different topic).

So, Moons have a max supply of 250 mill (I'm, for the sake of being on the conservative side, not including the burned tokens and project for the full 250mil, even though not all of them are on the blockchain yet). For them to reach that kind of mcap ($25B), they'd need to have a price of around $100. That's right, over 800x from where it is now.

Insert Keannu "Woah" gif, I know. Hear me out, though.

Now, who's to say Moons cannot do that? Even the almighty ETH had a smaller mcap than that during 2018. Which is exactly my point. The total crypto mcap is $2.5 trillion, and topped around $3 trillion this year. When it's growing, it's insane. There is not a single reason why moons cannot do that (that Doge and Shib have not overcome).

If/when Moons get on the mainnet, and if/when they develop a solid use case for them, I don't see a single reason why it could not be at that mcap. Doge and Shib did it without a use case. And without a legal entity behind them, preparing for an IPO. But it's most likely gonna be (sorry for the downer) the next bull run, not this one.

submitted by /u/giddyup281
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments