monthly predictions on XMR/USD through June 2018 based on returns to date and the road to $500 and $1,000
From April 2014 to now, XMR/USD has had a geometric return of approximately 0.3696% per day. Extrapolating that into the future gives us the following monthly prices:
$220 on Dec 31, 2017
$247 on Jan 31, 2018
$274 on Feb 28, 2018
$307 on Mar 31, 2018
$343 on Apr 30, 2018
$385 on May 31, 2018 and
$430 on Jun 30, 2018
If that pattern continues, $500 would be hit on Aug 10, 2018 and $1,000 would be reached on Feb 14, 2019! Talk about a sweet valentine!
What happens if you begin with January 2016 ?
I saw $209 yesterday. Pretty confident it will be up more than $11 this month.
Block reward is under 6 XMR. I recall when it was 16XMR... per minute. That kept a lid on the price, but we all knew (well, many of us) that the dwindling supply would coincide with wider adoption for a considerable land race. I think it's under way. Development is progressing faster, and faster. We move faster, and faster. Awesome.