One can even create the following bullish theory:
- Ardor scales about 35 times better than Bitcoin. So it could have 35x more users than BTC, with the same hardware requirements for full nodes.
- Ardor has about 40x more tokens than Bitcoin. That's not much more than 35x.
- Conclusion: Ardor can be worth what Bitcoin is worth now. 1 ARDR = $17000 in 2021
I know, it's not completely correct - ARDR + IGNIS are "diluting" each other a bit. But I think Ignis could well position itself as a mainstream payment token, used for example for BitPay/CoinPayments/Ripio payments and exchange-to-exchange transfers. And then a multi-billion market cap would be very likely.
Exchanges and service providers should know that the capacity/fees problems Bitcoin sees now would probably never happen with Ardor.
You bring up a very good point about ARDR + IGNIS "diluting" each other. I like to think of this as Bitcoin + Litecoin rolled into one. As you say, Ignis can be used for day to day transactions kind of like the US dollar (using a fiat example) and Ardor can act as the reserve or "store of value" backing behind Ignis (like gold backing).
IMHO I'd like to see a 10:1 or 10:2 value ratio of Ardor to Ignis. This hinges on there being more than 1 economically active chain on the Ardor motherchain. So I guess what I'm saying is that a fair market value for Ardor should be around $10 and for Ignis around $1 to $2 for _now_.