And those you mention do not generate income for you on this scale.
In real world, one way to value shares is to discount the dividend income stream. The same can be done with a coin because the relationship of stake to coin can be seen similar to the relationship of dividends to shares. In the case of 10K the income stream "dividend" is high meaning that if you discount future income the price should be much higher than the coins you compared above.
if you're just talking about price here, it will be pushed down for obvious reasons.. my point was that it could stay around 100k for a while though.. into the millions
I don't believe the Asians have enough coins yet to kill it. Also Asians tend to save more than Americans. Perhaps the stake rate will be enough to incent them to only sell off a portion of what their coin stazkes each day.
I mined a few coins and after the first couple stakes decided to buy some. Spent the last two days accumulating from .00045 to .00075. Originally I planned to be at 1000 coins in 10 days, but cashed in some str and nmc that was just sitting doing nothing to reach it yesterday.
I have owned a few alt's that stake but this is the first one I have had that I actually enjoy staking. It will be interesting to see if the stake rate causes exchanges and traders to change their behavior. Exchanges could in theory accumulate, stake and dump if the buy side gets to heavy and still keep a base amount for staking. And the stake rate is so high that traders need to make more than 27% a day to make it worth their bots time to trade.
i am thinking that the average person that buys into this coin will think about a 4-10 holding period and after staking greed will overtake a certain amount of discipline that will extend the holding period out. Some will plan to sell off the daily stake after that or a % of the daily stake. Some will buy more when they see the staking work which will help to set a steady buy side as more coins come to market.
If Cryptodouble was able to get millions in BTC and other coins I don't see why this coin can't reach at least that in market cap. The potential returns are the same but you are in control of your coins eliminating the risk of a ponzi operator running away with them.
Thanks Dev I am having fun!