So let's make a new prediction: We'll break 0.0043 this year.
I think that understates just how
undervalued XMR is, and just how
powerful Monero's position is in regards to
securing an
increasingly invincible marketcap.
A lot of cryptocurrency speculators are still very much naive in respect of Monero's extraordinary backstory, the cryptography, and the
demonstrable power of it's
industrial community.
But there has been a shift - a tangible sense that we are now in a
prime position to occupy a space than can only really be matched by Bitcoin itself. The recent StackExchange
victory proves that whatever the size of one's marketcap, it is the
power of community, the
egalitarian nature of the genesis, and the
skill of the underlying codebase which are the real qualities that will carry projects
forward without decline.
Resistance at the 0.004-0.005 level may well be
inevitable, but the
speed and ferocity at which it is finally broken shouldn't be of any objective surprise. Thus, I wouldn't be surprised if we were toying with 0.0160 by years end.
Either way, Monero now only has to double in value for it to be one place behind Dash on the marketcap. Consequently, and in conjunction with a perceived "Monero vs ZCash" conversation that will make Dash increasingly irrelevant, speculative and community leakage will
pour massively into the Monero ecosystem and the
levees will break.
Without knowing it,
suddenly Monero has a marketcap in excess of $100 million.
Awesome neurolinguistics. Very clever.