Think about .004 XMR with 16000 coins mined per day.
0.004 * 16000 = 64 BTC per day. 23360 BTC per year. It's not all sold, but it's a lot of value created quickly.
There can and will be spikes to .01 and higher but it can't maintain those highs. Even with interest from bitcoin whales with 10,000+ liquid bitcoin. Do you think those bitcoin whales are going to spend all their bitcoin on buying XMR every day so that XMR never ever goes down?
0.004 * 16000 = 64 BTC per day. 23360 BTC per year. It's not all sold, but it's a lot of value created quickly.
There can and will be spikes to .01 and higher but it can't maintain those highs. Even with interest from bitcoin whales with 10,000+ liquid bitcoin. Do you think those bitcoin whales are going to spend all their bitcoin on buying XMR every day so that XMR never ever goes down?
Monero's daily emission is currently well less than 16 000, it is something like 15600 and declining fast.
After 1 year it is signigiciantly lower.
Therefore I think it is possible to keep up the price.
Keep in mind, not only btc whales buy into XMR but people who have fiat... They get Moneros now very affordably (like bitcoin in 2011, only 1 usd per coin).
Oh, is it 15600 now? Wow, time is moving fast.
Yes, I think XMR will reach .01 easily but not in a straight line. So it should not be alarming to see it at .003
0.003 and lower is a screaming buying opportunity.
I think even the current or higher price is a buying opportunity especially if you do it with fiat.
It is indeed amazing how fast the block reward is declining - this will put some pressure on btc early adopters to receive Monero as their personal Cryptocurrency.
After about 1 year the daily mining reward is around 10 000 coins only (and declining).