Serious buying going on tonight
What do you think BBR's fair value is?
BBR Peak: June 22, 0.0036BTC
BBR intrinsic value at June 22 = X
BBR intrinsic value today = 3X (GUI, statum pool mining, supernet, etc)
Todays BTC value = 3 * 0.0036 = 0.0108BTC
This is not the fair value, you calculated max price per coin or potential peak of a bubble.
IMO fair value of BBR will be above 0.001 and between XMR price - it's hard to say exactly when this new wave od adoption will stop. Remember there are less coins and slower emission curve. I estimate that market cap should be around 1/3 of XMR because there is far less users and whales in bbr, but this could change fast like we saw when people like James step in and give more credibility to the coin.
BBR does not need me to get credibility!
It is unarguably on par with any other cryptonote with active development.
Let us avoid any debates on whether it is the best cryptonote or not. The market will tell us this answer and right now it is saying BBR is the second best cryptonote, so unless the market is wrong, this is where this answer is.
Is the market ever wrong?
Actually almost always! This is because the price tends to oscillate around the value.
Also there are limits to how fast the price can change, inertia and the past week's >10x gain from the low is quite fast. Standard market price mechanics often dominate, due to people just taking profits, etc.
I just look at the "All" timeframe on Polo's chart and ask myself, is BBR better since the ATH on 6/22, has anything fundamental changed? Maybe something happened last week and until the market completes the revaluation of BBR, I think the price momentum will be rather strong. Once it starts going sideways, then we are reaching the equilibrium point based on the market's knowledge.
However, since BBR is still a relative unknown, there is still a while before it is trading at parity against the other cryptonote. By parity, I mean marketcap not just price. You can do the calculations yourself as I do not want to cause any sort of pumping
So, as long as BBR is actively developed and I will ensure it is getting the marketing it deserves, then it is a matter of some weeks (months?) before it is reaching the equilibrium point up near where the top cryptonote is. Since cryptonote is universally acknowledged as the very promising anon tech, as BBR rises, the buzz will also increase the XMR. These two should be brothers in the marketcap. Not exactly twins, but BBR is the younger brother. At first much, much smaller, but now BBR is growing up and when fully grown what does it matter a few years head start?
To not be antagonizing the XMR people's, let us just say XMR and BBR are brothers. like all brothers we are sometimes fighting, but family bond is strong. zoidberg is helping the XMR to improve and vice versa. This is the UNITY that crypto needs!
If I had some part to help create this brotherhood, then I am glad. Sometimes the little brother has to make a stand. Once the respect is earned, then both brothers are helping each other. I believe BBR is now very much respect!
James
