Still bullish as ever I see!
I think we should probably see north of $1500USD in 2018.
Any thoughts?
DNM adoption/emission drop alone, not to mention, iOS/Hardware wallets, bulletproofs, even a possible Coinbase onboarding.
I just don't understand why we are not top 5 by mcap. Anyway... room to grow!
Yes Monero and the mystery of market cap is fascinating
iirc it got as high as #5 last year but has been on a steady and slow tumble down the rankings ever since.
Even as I type this it is now at #12 behind NEO and then MASSIVELY behind Dash, I mean if every crypto were to stand still and Monero had a gargantuan increase of +50% it still would not be in the Top 10.
Why? who knows, there sure are a lot of coins with a circulating supply in the billions with a huge market cap probably a psychological buy seeing coins below a dollar being pumped so hard people jump on board rather quickly.
Maybe it can't shake the negative stigma around it that its basically only for criminal activity in a way that Bitcoin was able to shake.
Or maybe its because (My personal theory) people just don't give a damn about privacy, when you take that away its just a slower more expensive version of many other coins with implementation moving at a snails pace.
I still think it will move up gradually in fiat value (as a bagholder I sure hope so) but maybe it won't be in the top 10 ever again, would have to increase way over 50% to even keep up at this stage.
Who really knows though its crypto after all crazy market that makes sense to no one!
Market caps really don't tell the whole story even though they are the go-to metric for ranking the value of cryptos.
Many of the coins in the top 15 have absolutely insane premines that can be as high as tens of *billions* of coins. Most of these coins are locked up by centralized interests and don't do anything other than to inflate the market cap of that coin.
A better metric would be number of transactions, of which you would see coins like BTC, BCH, ETH, LTC, and XMR at the top of.