Quote from: nowhere man on November 01, 2016, 06:54:11 PM

We've all been waiting - but even if big news occurs that some company or other plans on buying 100 million entry credits per month, that still doesn't justify the current price at 73k per month inflation rate. I'm sure there will be a mini rally when M2 is finally here (and if that doesn't happen before christmas - expect fct to halve in value from here), but I think we'll be waiting for quite some time before we see usage figures for entry credits justifying a value of say 5 dollars per factoid. Who knows though, maybe speculation will help out.

Let me quote what I said on Reddit about that to Grossbit:

"Kind of funny is, that because of Factom's economical design many seem to believe something like you say with "If those numbers don't grow quickly, FCT price will crater" while other Blockchain-projects without a burning-rate of the system-currency are much more open for high expectations - without any current real use at all.

Fact is: All of those projects are in it's early steps. Besides Bitcoin, I don't know of any blockchain-project that is ahead of Factom when it comes to real business. It's true that Factom needs more use in general (future), but to say "quickly" is nonsense. It's marketcap is at $22 M while something like Augur is near to $60 M. Ripple is at > $300 M while nobody seems to know for what XRP really is needed (besides the fact that Ripple is no real blockchain-project). Ethereum is even at $1bn - after all what came to light because of the DAO-disaster, including the bail-out and the new old Ethereum-classic-chain.

In my opinion Factom is at a fair valuation and because of it's real potential, there is also huge potential for the price. I believe people will look back in 1 year like they look back now to the first 3 months of 2015 after launch."