ATM there is some very nice move on polo
already jumped from 5K to 6K with 15 BTC volume .
GetGems certainly has the potential to be at least like 200x less worth than WhatsApp which is 100M market cap for GetGems and i'm being conservative here, because it has introduced a complete new, working and attractive approach for instant messaging. Imagine if it's a success it gets bought for couple hundred million or something. Magma VC who also invested in GetGems also invested in Waze which got bought by Google for 1B. I think this app has true potential because it's the first in this field with such model combined with the simplicity for the non tech savy, so they should have full confidence and market the hell out of it.
My dads friend was here yesterday and i updated the app for him and he saw his referral and had 25 Gems he found it pretty awesome, so he went to 'invite friends' and brought up WhatsApp and just tapped on his contacts to invite them, thats how easy it is. I don't think i have seen any other Crypto related project with this ease to introduce and connect it with others.
I've had my fair share of hyping coins I owned in the past but really I feel like Gems is different. Almost all Altcoins apart from Bitcoin basically derive their value from potential future of a coin ie its usage. People are saying alts are dying, I would say its more reality is kicking in as it becomes more and more clear the only real coin that will succeed is Bitcoin (if that does even). Thats why im so critical of coins like NEM cause they are riding nothing more than hype. Its kind of ridiculous that you have vol of 500BTC on exchanges for coins that are supposed to be currencies that most will admit will never be used. So now most successful coins aren't really coins but are 'tokens' that serve some kind of business that ultimately is based on the blockchain.
So back to Gems, I see the valuation still based on future usage BUT for once the potential for usage is actually massive and not as unlikely as average alts. I disagree when people say wow Whatsapp was sold for 20 Billion maybe if we had as many users we could have a marketcap as much as that. I disagree cause actually IF just say for example sake we had a user base of nearly a Billion! then the marketcap would be far more than just 20 Billion. Bitcoin only has a few million user base which is relatively tiny but its marketcap is a few billion and has been and will be much more.
So just imagine a coin/token with even say 10 million users, it would in theory have a higher marketcap than Bitcoin. For this reason I wish the wider Bitcoin community would get behind Gems as mutually beneficial, Gems is like a gateway drug for Bitcoin in 12 months it could in theory give a few millions people who barely heard of Bitcoin a chance to experience using a bitcoin wallet. So this app could be the best thing that happened to Bitcoin since it was created.
I also got to say for the sake of balance if this app only gets 30,000 users and plateaus our around there then we wouldn't get much further than top 20 on Coinmarketcap. This has got to be the most exciting project to watch in crypto cause we can see the progress that no one can argue against on the download counters.