I saw it mentioned some time back that Lon Wong was targeting $5/XEM by the end of 2018. Has anyone heard any updates on this forecast and do we think it's still realistic?
I haven't spotted anything.
I do not think it's realistic at all. $1 XEM could well be but the NEM action seems to be happening mainly on private chains and there comes a point where that hype can only go so far. ETH will find out the same thing eventually. The things they're planning won't come to full fruition in a year and a bit.
You won't find me objecting though.
Would also be very surprised and in the same time happy to see 5$/XEM . I guess the range will be more around 1.5$-2$ if NEM continues the solid stable work development. 5$ possible when "competitors" screw it more and more up, like we can see now...
All we need is time. Compared to other companies/industries/stocks/markets/etc ... 90bln total market cap is just so tiny.
Massive world adoption for cryptos will come, I am sure.
I think so too. This is just the beginning. there will be general constant growth with hypes and down in between ( some nice opportunities for crypto-enthusiasts to make some additional gains), but general always up. As it has always been: the patient ones will be rewarded
XEM might reach $1 by the end of 2017 or Q1/Q2 2018. This is in case crypto market cap is still in the 100B range. By then it will all come to the whole crypto market cap value for XEM to rise above $1. In case the crypto market cap is gonna rise above 300 billion, only in this case it would be realistic for XEM to rise to $5.
But I think Lon Wong was not referring to natural growth of XEM in an evolving overall crypto market. I think he was referring to XEM gaining more market cap. Is this possible? Yes! Perhaps the current stage we are in now is the toughest one. The current stage is: NEM rising to #3. It is gonna be interesting to see that happening within the coming 6 months. So far, nothing else can happen before hitting #3. By then a $5/XEM will be much more realistic.