I'm David Chapman, CEO of Factomize LLC, one of the Factom Protocol Authority Nodes. I wanted to let everyone know that many of the ANOs are taking part in an AMA
over on Reddit located here. Come ask some hard questions and we'll start to answer them on November 29th starting at 18:00 UTC.
Welcome to bitcointalk David and thanks for all your hard work and dedication to the protocol over the last year, Factom would not be where it is without you.
During the last Bull run FCT hit $80 odd dollars at its peak.
Based on all the development and use cases since, what kind of price would you think it could peak at during the next run?
It still staggers me how little supply the project has.
That 80$ was heavily influenced by the price of bitcoin, if factom gets to the same levels in BTC price today that it was at during that $80 all time usd high than the price of factom today would be $18 ( .0049 per FCT, .0049= $18).
So I wouldn't expect some crazy new all time high in USD, I would exclusively look at the price of factom in BTC.
We are at .0040 today (around it) which is still a long ways away from the all time high of .0144, so factom would need to go up almost another 300% to reach that .0144 all time high in bitcoin price. In which case it still would only be $53. (.0144 = $53)
I think it's reasonable to speculate factom could reach the top 20, its so solid and has proven the test of time and is now gaining a lot of momentum. People are impressed.
So if it makes the top 20 that would put it at around $38 using calculations below:
(Random mkt cap guess within top 20 / current supply)
(333465215 / 8745102 ) = $38