To all the people who have sold Karma for 1 satoshi recently...
Hope you still have some left!
Karma has the potential to be a
billion-dollar coin, with the help of the good folks on this thread.
Based on our peers found in the list at CoinMarketCap, I'm looking at a $30m valuation* in the next 3 months (15 sat.) and $60m within the next 6 months (30 sats.) Again, based on peers, not the unique value proposition that Karma brings to the table. (And who has a name as good as Karma?)
If
just .0001% of all WordPress blogs are using Karma during the first few months of 2018 (about 7,500 blogs), then it shows good momentum, which may result in a Karma valuation of $200-300m (100-150 sats.)
And although we may have 76 billion coins and add about $400 a day in market cap from the higher inflation rate, many of them were lost via Mintpal and Cryptsy (in possibly corrupt wallets). Without much supply demand of course increases, driving up the price considerably and ultimately enabling us to do more awesome and focused things.
We often followed closely behind Reddcoin, who is now at $81m. No direct correlation, of course, just something to compare.
For further comparison, Dogecoin has a market cap now of $380m, and I'm still not sure what its use case is.
So, yeah.. please keep selling to me @ 1 sat
I'm hungry!!
*assuming a Bitcoin price of $2,800