WHY WOULD YOU SELL ON THE FIRST DAY?? UTC GOING TO $2
how you know?One way would be to compare parities (not party
) with a similar established coinLTC - 84m coin, 2:30 sec blocks, 50 coins, hashing factor Scrypt 1, current price $20.00 +/-
UTC- 100m coin, :30 sec blocks, 50 coins, hashing factor Scrypt Jane 0.75 +/-, current price $0.35 +/-,
So, (1.19 more coins 5 times faster blocks 1 same reward 0.75 hash factor) current LTC price <=> parity of $4.48 for UTC (current price)
(1.19x5x1x0.75)/20=4.48
LTC peak of 50.00 +/- would approximate to a UTC parity value of; $11.20 for UTC
(1.19x5x1x0.75)/50=11.20
If we are to assume acceptance of the coin UTC; then $4.48 is entirely possible with LTC in 20 range. If we are to assume LTC goes up (which is to assume BTC will go up); then we can actually exceed Bumfaces' stated $10.00 target. His target is not unrealistic in any way. Obviously UTC, still very new and would need some time to reach parity price; so I'm not saying $4.48 UTC tomorrow or anything.
time will tell
To reach these numbers, this coin needs to be promoted (outside of the btc-e community). I haven't seen much of that. Devs and miners often underestimate the importance of community building and promotion. Case in point - @Vertcoin has 31,900 twitter followers. How many does Ultracoin have?