Not meant as FUD, SolarCoin is one of my favorite coins. If Bitcoin goes to 1 million and SLR goes to 1 Sat then this means FIAT has a slim chance to recover. This puts SLR at 1 penny per coin and SLR is 25 cents right now. That is only a small drop at that point and completely recoverable by any investor by hedging at 1 sat, then it can move up later. Also you have the capability for Bitcoin to go to 2 million as Hyperinflation will ravage economies that did not get in to Bitcoin soon enough. The value of all currency starts pouring into Bitcoin and all Alt coins will not be able to sustain other than artificially pumping as people sell out and groups retain them and pump. So SLR could boost also and not stay at 1 Satoshi. I hope you realize that ETH must pump since it is paired with FIAT at Coinbase. Do you think someone will give you 1 Dollar real money and not retain the value for what they paid? Anyone buying at $300 paid for the banks to offset their expenditure.
The problem comes from needing to sell to FIAT. There needs to be a Magic number and it should be the Wholesale cost of Power. This is where the market should actually be at but there is no reason to buy SLR and sustain it there along with the leaky ceiling of Claims that can rain down on the market. If the coin were to leave the economy as Bitcoin there is no reason to buy SLR other than trying to take profit and this will always do the dead cat bounce especially when the top end is the actual cost of Power vs the draining of the leaky ceiling leaving to Bitcoin.
By Pegging the Coin at Wholesale Power and allowing people to spend their coin at that level by trading it internally would allow an economy to grow and real value to sustain.
Granted Bitcoin going to a million seems far-fetched, but with the looming Bank Bail-In's from a Quadrillion dollar call on the Derivative market you can see the Sands of time are pouring to match the quadrillion grains of market gains banks wish to take from the world.
Bitcoin will not rise to a million dollars in our lifetime or our children's lifetimes. That would put Bitoin at a 116 trillion dollar market cap, how in the world is that even possible, that's nearly 10 times the GDP of the United States. And nearly the GDP of the entire world. The likelihood of that happening is next to zero in the short, medium and even long term.
SLR represents 1 MW/h of solar energy produced, but it doesn't represent 1 MW/h of available stored solar energy. It's original sole (if you'll excuse the pun) intent is to prove that solar energy is being produced and rewarded for producing clean energy. The rewards value is partially based on this feedback loop, it doesn't require any fiat like backing.