Can coins with 1 billion+ coins become profitable?
For example: xrp, stellar lumens, nem, iota?
I noticed coins with a low coin supply are usually higher in price which is understandable. But for coins with billions in supply, how long would you guys think it would take for them to hit, let's say.. $10 $20 $30
Really trying to figure out how to do the math on these from market cap/ coin supply to get an estimate on what the coin market cap would have to be to reach a certain price.
Any help would be appreciated. Thanks
Well, IMO it is possible to hit but very very very very very unlikely within years time. Perhaps in a decade or few decade especially coins with more than few Bilion supply.
The current industry worth 182 Billion.
For a coin with 1 Billion supply to hit $10, that would result a 10 Billion Marketcap coin / 182 Billion.
Then, coins like Ripple/Stellar might never or
might hit the mark of $10 but it depends on how fast the industry grow.
Basically we can actually forecast on the industry. To make sure Ripple jump from $0.2 to $2. The industry would most likely has to grow close to 10 times of the current marketcap, which results 1.8 Trillion Marketcap. (This is a very huge amount which can be compare with a lot of industry in the world)