Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
7thKingdom
on 23/05/2017, 13:17:56 UTC
The market has a way of taking revenge.  And it doesn't really matter to me whether we get to 100 next week or next year.  

It's insane that $100 doesn't just seem like a realistic goal, it actually seems like a quite tame prediction.

Given the craziness that we've now seen when the market rallies, the outlook for the next bull run (assuming this one ends before the $100 point) is now absurdly high. 4 coins at multiple billions of dollars (including 2 alts over 10 billion), and we know monero is a top 3/4 project (a lot of us would obviously say it's the best altcoin bar none, but that argument doesn't really matter for this post).

The pain when this bubble eventually bursts will probably last a while. And it may take 2/3/4 years (although I wont even bother trying to predict this market) before the market as a whole can slowly build back up, but when the next big rally happens, it isn't inconceivable that monero will be holding a multiple billion dollar valuation.

$100 would be on the low end of that. $300+ would put us in the 5 billion range. $800 and we're only looking at a market cap around what Ripple is somehow at right now.

The crazy visions for Monero just a couple years ago now seem inevitable (albeit there will probably be some pain before then). If this run has shown us anything, it's that it's hard to imagine a scenario where 5 years down the line Monero hasn't pushed these kinds of valuations during a future upswing.

There is the possibility that this 'bubble' is merely a 'level up' process.  The pop could be less drastic than what we tend to expect in crypto.  Except for the absolute shitcoins, which will fade away, of course.

True, I'm not even going to bother trying to predict what will happen in this market.

But really, that's irrelevant to the long term outlook for monero. Yeah, it'd be nice if the whole market doesn't implode for a while. That would just make the true valuation for monero happen sooner and would make those 100+ predictions all the more likely.

My point was that, even if the market does implode, it has become very apparent that $100 is still on the low end of the likely future for Monero. It's hard to imagine a scenario where Monero fails to hit that low hanging fruit, given what we've seen in this current bull market.