New Aeon all time high today in USD! 💜
Yes sad it see it that expensive. It seems it is pegged to Litecoin. Since AEON is also silver, but not to bitcoin but to Monero.
Expensive?
Aeon's currently 77 on the marketcap. It's continued rise up to the Top 20 was always likely to occur at a slower pace than it's sibling Monero.
However, just do the math: When Aeon finally reaches the Top 20 it will logically have at minimum a marketcap of at least $40,000,000.
It currently has a marketcap of $3,500,000.
This means that Aeon has the prospect of a 1042% rise ahead of it (at least).
We have seen how Aeon fares in these situations. At the end of 2016 it had returned a healthy 3111%, outperforming even Monero which only managed 3054%.
So a 1042% ascension for 2017 is a fairly conservative prediction relative to it's past performance.
But expensive? Nowhere even close.
Yes expensive. Cheaper coin is more people can afford to buy it. Current price is way to high for many to afford buy some. I hope Cthulhus will realise this and release some of their holdings on the market.