Holyyyyyyyyy. I only bought half of my planned tokens last week when it fell around $1.30's. Thought it may dip before start raising.
And I don't think we have seen the end of it ... far from it. Looking at the overall market for privacy coins, which is about 19bn (including the main coins only, without any derivatives), XSPEC has a market share of about 0.3% currently.
Monero, the coin most compared to XSPEC (while XMR being perhaps even technically inferior to XSPEC), has a market share of 30%.
So here is a little table, which shows the price development as a function of the market share (assuming overall market stays the same)
Market Share | Price |
1% | 9.25 |
3% | 28.33 |
6% | 58.46 |
10% | 101.77 |
Everyone can make there own assumptions about what market share XSPEC can get, being one of the most advanced privacy coins out there. For me, 6% - 10% in 2018 does not sound unreasonable. Furthermore, compared to the overall crypto market, this privacy focused segment, represents currently only 3%. Imagine if the predictions about the importance of privacy in the future only partially materialize, and you can start multiplying the above numbers for XSPEC several fold.