Post
Topic
Board Speculation (Altcoins)
Re: vertcoin prices to reach 50 DOLLARS
by
iwouldntknow
on 05/11/2017, 22:39:28 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.

You can't compare every altcoin to bitcoin.  It's not the same thing.

Vert just had a huge price jump, why would there be another so soon?