Post
Topic
Board Speculation (Altcoins)
Re: vertcoin prices to reach 50 DOLLARS
by
NyeFe
on 05/11/2017, 22:31:30 UTC
I think that people who write posts like these have absolutely no knowledge of price to market cap relelation.

They simply shoot a random number they would like their investment to be at - wishfull thinking (I often see this at RPX subreddit where they are calling $1 soon, and ICO price was less than 3 cents.

Vertcoin at $50 would mean market cap of over $2 bln, which would place it at 6th place in front of DASH, NEO, Monero and stuff.

If i remember correctly, when bitcoin was 150 USD, 300 USD, 600 USD and 1'000 USD, the same arguments were used.