Everybody is trying to dump the coins they mined, this is not a good sign, if it ever gets on exchange price will be terrible.
Well the guestion is if anyone buy those coins here on forum. No one know what happens after we get on exchange. At the moment we can only discus about price. I think that it will be high, but where I can not say.
My prediction is 10k sat for sure, but lets wait and we will see. I have faith it guys who take care of CHRC and it looks promising with development.
Calculating a fair price for this coin using Alvin Lee's formula: (Total BTC Supply ÷ Total Altcoin Supply) ÷ 5000to10000
(21,000,000 ÷ 30,000,000) ÷ 5000 = 0.00014000
(21,000,000 ÷ 30,000,000) ÷ 10000 = 0.00007000
What do you base your prediction on?
Well to be honest I do not need any formulas to get a trading prediction. I count on demand prediction and on further development. That is all. Btc price should not have any impact on crypto coins value, if it has there is something wrong with all this crypto coins thing. For me the price should stay always with demand and not with some sort of that BTC is rising thing. If I say that we cand have price of 10k sat, than I mean the price would be the same even if the price of btc is 1mln USD and not that btc is rising, thus altcoins must fall down in compare to btc..
The formula does not take into account BTC price. However, I could be wrong about the amount of BTC, it could be based on amount of bitcoins actually in circulation, instead of Max amount of BTC. So 16,512,000
(16,512,000 ÷ 30,000,000) ÷ 5000 = 0.00011008
(16,512,000 ÷ 30,000,000) ÷ 10000 = 0.00005504
(16,512,000 ÷ 30,000,000) ÷ 15000 = 0.00003669
This is only a guide of course, the market sets the real price.
