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Post by cryptohash on Oct 18, 2017 1:18:29 GMT -6
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Post by reddarichest on Oct 25, 2017 2:36:53 GMT -6
PREDICTING ELECTRONEUM PRICES FROM THE COMPETITOR'S PRICE PERSPECTIVE
Hello all!
We can not wait to see how ETN price movements will be after ETN is officially traded on the market after the ICO (Initial Coin Offering) period ends on October 31, 2017. Whether the ETN price will skyrocket as Bitconnect (BCC) or RegalCoin (REC)? Let's review ETN price predictions when compared to other cryptocurrencies that have already been traded in worldwide markets.
We must first remember that the PRICE of a crypto currency depends on two factors, first depending on the total capitalization of the crypto currency market, and secondly to the total circulation or supply of the cryptocurrency in the market. Equation formula is: TOTAL MARKET CAPITALIZATION divided by TOTAL SUPPLY equal to PRICE. The pricing data, market capitalization and total supply of a cryptocurrency can be found at coinmarketcap.com.
We see now that crypto currency data ranked as the 3rd largest in terms of market capitalization is BITCOIN (BTC) with total market capitalization of 94 billion USD, ETHEREUM (ETH) with total market capitalization of 30 billion USD, and last RIPPLE (XRP ) with a total market capitalization of 8.2 billion USD.
In terms of prices, currently Bitcoin is trading at the price of 5645 USD per coin, Ethereum is worth 314 USD per coin, and last Ripple transacted at the price of 0.21 USD per coin.
Now we apply the total capitalization of each cryptocurrency above into the ELECTRONEUM, with the assumptions that Electroneum DEVELOPER TEAM make the big efforts of modern marketing in the era of advancement of the Internet today so that it can create MILESTONE of Electroneum that can grab the attention and usage of the 2 billion target ETN currency users around the world. And we assume later after the ICO ends, followed 3-5 years later, the total supply of ETN currency is 6 billion coins.
FIRST: ELECTRONEUM ABLE TO ACHIEVE THE CAPITALIZATION OF THE MARKETS RIPPLE WHICH ARE 8.2 BILLIONS USD
With a capitalization of 8.2 billion USD and with a total ETN coin supply of 6 billion coins, the price of 1 ETN coin will be 1.37 USD. When will this price be achieved? Ripple was launched in 2011 and it took 6 years to reach a price per coin of 0.21 USD. However ETN will not take 6 years to reach the price of 1.37 USD. ETN price of 1.37 USD, in my opinion will be reached within 12 months.
SECOND: ELECTRONEUM ABLE TO ACHIEVE THE CAPITALIZATION OF THE ETHEREUM MARKETS WHICH ARE 30 BILLIONS USD
With a market capitalization of 30 billion USD and with a total ETN coin supply of 6 billion coins, the price of 1 ETN coin will be 5 USD. When will this price be achieved? Compared to Ethereum that can reach market capitalization of 30 billion USD in 2 years, then for ETN I think will not be much different. ETN will reach a price of 5 USD per coin within a maximum of 24 months (2019).
THIRD: ELECTRONEUM ABLE TO ACHIEVE THE CAPITALIZATION OF THE MARKET BITCOINS WHICH ARE 94 BILLIONS USD
With a market capitalization of 94 billion USD and with a total ETN coin supply of 6 billion coins, the price of 1 ETN coin would be 15.7 USD. When will this price be achieved? Compared with Bitcoin which can reach market capitalization of 94 billion USD within 8 years, then for ETN I think will be achieved faster. ETN will reach a price of 15.7 USD per coin in a maximum of 5 years into the future (2022).
However, the three scenarios above are scenarios that have the basic assumptions of ceteris paribus. If the Electroneum management is capable of making tremendous marketing efforts then the ETN price increase per coin will be faster than assumed above.
We as INVESTOR do expect big profits in a relatively short time. But do not forget also that the Electroneum Developer Team, by design, deliberately created a relatively large ETN supply of up to 21 billion coins in order to make ETN prices cheaper and affordable to a number of around 1 to 5 USD per coin, the ETN currency will be a cryptocurrency of equal value or no more expensive than the US Dollar.
ETN is designed to use only 2 decimal digits behind the comma so that ETN users do not feel complicated when using it to buy pizza or hamburger for example, where later in the future after ETN is accepted worldwide, we just spend 1 or 2 ETN to buy a glass of capuccino latte or to buy fuel at gas stations around the world.
It seems to me, the ideal goal of the founders of Electroneum, is to make ETN a means to play games and gambling by targeting smartphone users as much as 2.2 billion worldwide. And create a simple ETN mining experience through HP Android version 4.4. However, it is possible that the real aim of the founders of Electroneum, as a matter of facts, is to make crypto Electroneum as a SUBSTITUTE or alternate usage of US Dollars around the world
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