Post
Topic
Board Speculation (Altcoins)
Re: vertcoin prices to reach 50 DOLLARS
by
btcney
on 06/11/2017, 08:00:01 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.

Exactly, and why exactly is vertcoin better than Dash/Monero/NEO and be able to rival LTC? Absolutely nothing! Right now it's just a few yooutubers saying good things about vertcoin making the price hike what it is.

After the hype passes, watch out for a huge dump.

$50 is just ridiculous mate. The current price is high enough.