Now there's 120K FCTs to 0.0045, and 110K FCT to 0.0035. Buy walls have increased as well to 440 up from 300~ today. Assuming this pace holds we'll see 0.003 sometime this weekend.
I hope so. It has been a long time coming.
Based on my studied. Theoretically Im not sure if it is possible for the price to go back to previous ATH...it is not clear how the price of FCT works. Will the use of FCT drive the price higher?
https://www.factom.com/more-on-factoids-factom-foundation-factom-inc/It's not clear how the price of ETH BTC etc works either. What I can say is this quote: "The value of Factoids will reflect the value of the protocol, and is resistant to speculation over the long term."
VCs valued the network at +$11 mil when FCT were trading below $1 mil. What are they valuing the network at this time during the A round? Is it reasonable that the network is hovering around the same valuation it was given in October 2015?
They say it's resistant to speculation but if you believe the Factom network will be worth a lot more in the future as a result of increased EC usage then why would you wait to accumulate? Mass adoption would mean a lot of FCTs would be burned thus a higher price and FCTs becoming more scarce. Buying FCTs now makes sense if you plan to make a lot of EC entries in the future and assuming the price is higher at that point then you get a lot more ECs for your FCTs.
From Factom's end what they need to do is get users to the network. As you can see from EC usage
https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101 they are doing just that.
Another thing to note is if you're trying to valuate any tech project based on their current numbers and never pay a premium to that you will miss out on every single one at least in early stages.