Correct me if I'm wrong, but isn't catapult basically a rebuild of mijin with more features added, written in C++
I'm all for this coin and hope it does well, but maybe you guys can answer some questions since we've got some downtime in here.
Mijin came out, and while it was a tech advancement and a great thing, it failed to raise much interest or movement in the market.
So why are expectations sky high when it comes to the release of catapult? Do you guys really think it will send NEM into the stratosphere once that feature is released?
What makes you all think that, other than hope that this coin does well?
Not trying to troll, I'm genuinely interested in the responses as to WHY you all think we will see some serious movement and widespread acceptance.
NEM is technically superior to everything out there, of that there is no doubt. But the market doesn't always go with the superior product..
Taking things a step further, let's take a look at the top 10 coins.
The total market cap for the top 10 is: 14,070,943,757. So 14 billion and change.This will increase as the years pass, but nobody knows by how much or even if it's a certainty that it will increase.
Let's say that NEM muscles it's way back up to it's previous high of $115 million market cap, NEM value $0.01, and it would be at #5 marketcap.
Now let's say that NEM pushes it's way up to 3rd place, with a cap of $240 million. NEM value, $0.02.
Now NEM moves up to 2nd place, and manages a 1 Billion dollar market cap like ether had. NEM value, $0.11
It's gonna take a tremendous amount of time and new money into crypto for that to happen, because the others in the top 10 will most likely still be there.
So I'm really curious how far you guys think catapult will "catapult" NEM when it comes to marketcap and price, and just how you think it'll get there.