However to increase the market cap needs one necessary thing to happen - to increase the cash flow into crypto-market. Without it you can produce miracles however nobody will buy it. Currently is irrelevant what you produce - no buyers = no market = no evaluation. In winter 2013/14 i believe the marketcap would be 20-50M now.
So the best idea now is to stay cool, keep working and just wait until the situation gets better.
+ one more thing - the market caps at coinmarketcap is a general lie. Try to sell even 5 percent of market cap of any crypto in top 20 and the price will plummet to ZERO. The real marketcap is approx. 20 times so low and is equal to buy orders. The market is in really horrible state, it looks like market in summer 2013. 4 months after that it boomed 10-100 times. So my 2 XEMcents for traders and NEMsters: buy in now (in XEM i think the bottom will be 41 sat) and close BTT and POLO pages for long months.
This is spot on. Crypto in general is very, very weak. I think maybe around September fiat economies will start to seriously tank in some countries, so people might go into crypto at that time. By then, NEM will have a xxxxxx xxx out and some
very interesting features
We should also see some companies using the NEM block chain platform starting operation. I can't think of another project with as much potential as NEM, tbh.
However to increase the market cap needs one necessary thing to happen - to increase the cash flow into crypto-market. Without it you can produce miracles however nobody will buy it. Currently is irrelevant what you produce - no buyers = no market = no evaluation. In winter 2013/14 i believe the marketcap would be 20-50M now.
So the best idea now is to stay cool, keep working and just wait until the situation gets better.
+ one more thing - the market caps at coinmarketcap is a general lie. Try to sell even 5 percent of market cap of any crypto in top 20 and the price will plummet to ZERO. The real marketcap is approx. 20 times so low and is equal to buy orders. The market is in really horrible state, it looks like market in summer 2013. 4 months after that it boomed 10-100 times. So my 2 XEMcents for traders and NEMsters: buy in now (in XEM i think the bottom will be 41 sat) and close BTT and POLO pages for long months.
This is spot on. Crypto in general is very, very weak. I think maybe around September fiat economies will start to seriously tank in some countries, so people might go into crypto at that time. By then, NEM will have a xxxxxx xxx out and some
very interesting features
We should also see some companies using the NEM block chain platform starting operation. I can't think of another project with as much potential as NEM, tbh.
Features - features average people want that are relevant to their lives today - are everything. Look at how Slack built a massive following this past year almost entirely on word of mouth with hardly any marketing budget. Product's gotta be easy to use, highly relevant and effective at reducing immediate problems people face today. Closer to home, look at Transferwise, and the success they've had at becoming a global remittance tool - a lot of startups have accomplished within a year or two what bitcoin is only still talking about. Everything follows from features and ease of use.
Agreed on the rest - crypto market's dead. "Try to sell even 5 percent of market cap of any crypto in top 20 and the price will plummet to ZERO. The real marketcap is approx. 20 times so low" -- that really nails it. A much more realistic indicator is 24-hour transaction volume and buy order book volume - there's nowhere near the liqudity suggested by the marketcap figure (that goes for bitcoin, not just alts). There's nowhere near $3.9 billion interest in this market these days.
As for counting on global economic collapse - I second that, but what's troubling is that we're already seeing major turmoil and uncertainty in the lead up to full-blown collapse that many of us expect - and I dont see even bitcoin getting any preliminary lift from that. People are looking for safety - hence the sharp run up in the US dollar and gold - but they're not looking to bitcoin or other crypto for that safety. This past year has really damaged crypto's brand image - much of that damage caused by governments but also self inflicted.
The opportunity for NEM, Ethereum and other 2.0's is to offer a clean slate from the crypto mess of the past year and separate itself from bitcoin. I'm afraid bitcoin will continued to be regarded among other sick currencies like Venesuela dollar and Agentinian peso. Few people see 1.0 cryptos as a safe store of value anymore. And who can blame them?
