Something like this has never been seen before. So nobody can really predict where the market goes.
I will say that demand will be huge. I'm sure people will dump at 2 cents. I'm sure people will dump at 10 cents. I'm sure people will dump at $1.
HODL and dictate the price. Those that get out on the ground floor will be really bummed.
10 cents may very well be like getting out on Bitcoin at 100 bucks.
Although I like your optimism, and I am optimistic about this company too, I just don't see this happening.
One of the main concerns people have about ETNs future is the liquidity of the token.
There are planned uses for it in gaming and gambling features on the app, but those are a ways off.
If millions get the coin through the app only to just try and sell it, the price will only be driven down as there is no inherent value in it.
You can get it anytime and it's only for selling? Why would anyone pay $1 for 1 ETN when they can earn that by running the app in the background?
I plan on selling when it hits 1.5 cents unless I see a major bull run in the near future.
But who knows? Maybe I will be crying as I see it shoot past 10, 50, 70 cents and beyond a dollar.
Thats the same arguement made of Bitcoin since the beginning.
People miss that millions of people on the network will gaurantee a price well over a $1.