Topic: Price prediction for 2018: DeepOnion - page 2. (Read 302 times)
actually it is a difficult question. Crypto can be anything at any time in the money world. you need to constantly research and work. then decide which alternative to choose. I think deeponion is a good opportunity. investors will earn money.
Any chance we see a sell off once air drop is done. I see the future being bright for onion if everything goes smoothly after air drops are done.
Thank you for this extensive analysis, which I've read with interest. Of course there is no way to know how a price of a coin will evolve, it very much also depends of the context, ie if Bitcoin will rise or tank this year, however one of the truly important factors in the value of a coin is the size of the community and how much it is active and passionate about their coin. And I must say that Deep Onion seems to have such a community behind. I guess this could be one of the winning factors.
I am really hoping for this correction to get sorted out and the price of DO to rise a bit again. I think this will be directly tied to the features which are forthcoming as well as the airdrops concluding.
I also think, in the end, it will be the Deeponion community that will push this crypto to the top. The technology is sound and steadily progressing, now they just need more exposure and that is happening every day. It won't be long until a major Youtuber brings it up and then people will start flocking. That is my opinion at least
With the newly released Whitepaper for the DeepOnion project, I think there is enough information out there to make a qualitative future price prediction going into 2018. Speculation is something we all love to do and the cornerstone of making money in the crypto investment world.
You can also find the full article on Steemit. If you like it feel free to come and upvote: Price prediction for 2018: DeepOnion
What are the important factors to consider?
So what do we need to consider before jumping into predicting a reasonable future price of DeepOnion?! Well, we don't really need to go too deep into the technology except to mention some existing and upcoming features of DeepOnion:
In order to predict a price for DeepOnion what we must consider are, the total coin supply and the possible future market cap of the coin. In order to speculate around this I am using some information that I have gathered during my research. The total coin supply can easily be found at CoinMarketCap.com and is a little over 19M coins after the Airdrop is finished, all the bounties are handed out and developers have been paid. The AirDrop will finish in 16 weeks but the Bounty + Developer fund of 3M each will not be fully distributed by then, max 1M from each of these will be distributed in the coming 16 weeks in order to leave room for future marketing and development. So we can assume a coin supply of about 15M DeepOnion coins in 16 weeks. That is about 3x the current circulating amount. If we assume the price per coin stays the same that is a market cap of approximately 100M dollars. Now what is a reasonable future market cap for DeepOnion in the coming months?
Determining Future Market Cap
Crypto Oracle, a famous Youtuber, mentions shortly in his Youtube video that a crypto that allows something to be sent through TOR should have at least an evaluation of 4-500M dollars. Just to put things in perspective, the current Market cap for DeepOnion is at around 30M dollars at the time of writing this article.
From what I have seen so far from the developers I think we can expect most of the features to be delivered according to the time plan and that there is going to be some hype around it before it happens. Just look at what happened to Verge when they announced their "Wraith Protocol".
Since Verge is also a TOR integrated crypto this is actually a very good price comparison and something that we must take into consideration. Verge is currently at a total market cap of around 2,2B dollars. Lets take a while and list some of the other "Privacy Coins" out there to give and overview of a potential future market cap for DeepOnion.
Now these are the big "giants" in the Privacy Space right now but the underlying technology of DeepOnion isn't worse than any of these: Zero Knowledge of ZCash and TOR integration of Verge. Also has many unique features which I have mentioned. The most important thing behind DeepOnion is a very strong and supportive community and that is what could drive DeepOnion up to clash against the giants.
Screenshots taken from CoinMarketCap
Now, DeepOnion isn't as well know, or quite as big, as Verge was before it had its big break a little less than a month ago. But I think of DeepOnion as Verge, before it started "breaking out". You can see the timeline I am indicating in the image above. The curves might not be identical, which is the different time frames and they depend on BTC behavior at the time, but hopefully you understand what I want to illustrate. At the time Verge had a market cap of around 300M and the first real "jump" took it up to around 700M. This could be a fair assessment of where DeepOnion is today. Considering Verge is today at 4x this price and the "real market cap" of DeepOnion is around 100M (at least will be in 16 weeks) then a future market cap of DeepOnion would land around the 400M range.
Conclusions
This seems to end up around the numbers that Crypto Oracle was talking about and that would be a fair assessment if I thought DeepOnion was "only" a TOR based crypto similar to Verge. So a careful estimate a price prediction for DeepOnion would land around (= 400/15):
$25-30 per ONION as a careful estimate
But to continue my analysis, personally, I think DeepOnion has so much more going for it than Verge or even ZCash; the DeepVault feature for file verification, the supportive community, Smart Contracts and the community-driven development of VoteCentral.
What I think will happen is that opinion will be split among those who support Verge, ZCash + other giants and those who support DeepOnion. Since DeepOnion also share technology with ZCash (Zero knowledge) some of that market cap might start to consider DeepOnion as an alternative. I don't think there will be a 50/50 split but maybe 25% of Verge and 10% of ZCash holder capital will diversify their investment into DeepOnion.
Assuming the 400M market cap is the "base value" of DeepOnion, Verge has the 2.5B market cap, ZCash at about 2B that would mean a market cap of DeepOnion of: 400 + 625 + 200 = 1.225B dollars. That is a final price per coin of about:
$75-80 per ONION as my final estimate for 2018
Considering the price of an ONION today is $6 I see an increase of about 13x for this coin in 2018 and this is assuming no more cash will flow into crypto during this time. How much that could affect price is almost impossible to predict so I have based my estimate on the information available.
This might seem as a biased estimate since I haven't assumed people moving from DeepOnion to ZCash or Verge or anyone else. But the reason for this is that everyone already knows about ZCash, and Verge and Monero. The people investing in DeepOnion won't move their money there since if they wanted to invest in those projects they already have or find DeepOnion the better alternative.
I hope you found this article interesting and please give your input if on what you would consider a fair estimate of DeepOnion in 2018. This is the project I most believe in for 2018 and I have more than 50% of my crypto investments in this single project. That large an investment portion in one project isn't something I would normally recommend but I have chosen this project to go long on and thought I should mention it for people wondering.
Disclaimer: I am no financial advisor so you should always do your own research before choosing to invest in any project
If you want to know more about the DeepOnion project, you can find more information in the links in my signature.
What are your thoughts on DeepOnion price in 2018?
You can also find the full article on Steemit. If you like it feel free to come and upvote: Price prediction for 2018: DeepOnion
What are the important factors to consider?
So what do we need to consider before jumping into predicting a reasonable future price of DeepOnion?! Well, we don't really need to go too deep into the technology except to mention some existing and upcoming features of DeepOnion:
- Privacy crypto with TOR integration
- DeepVault launched and web application planned for Q1
- Android Wallet and VoteCentral planned for Q1
- DeepSend planned for Q2
- Smart contracts and Zero Knowledge planned for Q3
In order to predict a price for DeepOnion what we must consider are, the total coin supply and the possible future market cap of the coin. In order to speculate around this I am using some information that I have gathered during my research. The total coin supply can easily be found at CoinMarketCap.com and is a little over 19M coins after the Airdrop is finished, all the bounties are handed out and developers have been paid. The AirDrop will finish in 16 weeks but the Bounty + Developer fund of 3M each will not be fully distributed by then, max 1M from each of these will be distributed in the coming 16 weeks in order to leave room for future marketing and development. So we can assume a coin supply of about 15M DeepOnion coins in 16 weeks. That is about 3x the current circulating amount. If we assume the price per coin stays the same that is a market cap of approximately 100M dollars. Now what is a reasonable future market cap for DeepOnion in the coming months?
Determining Future Market Cap
Crypto Oracle, a famous Youtuber, mentions shortly in his Youtube video that a crypto that allows something to be sent through TOR should have at least an evaluation of 4-500M dollars. Just to put things in perspective, the current Market cap for DeepOnion is at around 30M dollars at the time of writing this article.
From what I have seen so far from the developers I think we can expect most of the features to be delivered according to the time plan and that there is going to be some hype around it before it happens. Just look at what happened to Verge when they announced their "Wraith Protocol".
Since Verge is also a TOR integrated crypto this is actually a very good price comparison and something that we must take into consideration. Verge is currently at a total market cap of around 2,2B dollars. Lets take a while and list some of the other "Privacy Coins" out there to give and overview of a potential future market cap for DeepOnion.
- DASH: 9.5B
- Monero: 6.5B
- Verge: 2.5B
- ZCash: 2B
Now these are the big "giants" in the Privacy Space right now but the underlying technology of DeepOnion isn't worse than any of these: Zero Knowledge of ZCash and TOR integration of Verge. Also has many unique features which I have mentioned. The most important thing behind DeepOnion is a very strong and supportive community and that is what could drive DeepOnion up to clash against the giants.
Screenshots taken from CoinMarketCap
Now, DeepOnion isn't as well know, or quite as big, as Verge was before it had its big break a little less than a month ago. But I think of DeepOnion as Verge, before it started "breaking out". You can see the timeline I am indicating in the image above. The curves might not be identical, which is the different time frames and they depend on BTC behavior at the time, but hopefully you understand what I want to illustrate. At the time Verge had a market cap of around 300M and the first real "jump" took it up to around 700M. This could be a fair assessment of where DeepOnion is today. Considering Verge is today at 4x this price and the "real market cap" of DeepOnion is around 100M (at least will be in 16 weeks) then a future market cap of DeepOnion would land around the 400M range.
Conclusions
This seems to end up around the numbers that Crypto Oracle was talking about and that would be a fair assessment if I thought DeepOnion was "only" a TOR based crypto similar to Verge. So a careful estimate a price prediction for DeepOnion would land around (= 400/15):
$25-30 per ONION as a careful estimate
But to continue my analysis, personally, I think DeepOnion has so much more going for it than Verge or even ZCash; the DeepVault feature for file verification, the supportive community, Smart Contracts and the community-driven development of VoteCentral.
What I think will happen is that opinion will be split among those who support Verge, ZCash + other giants and those who support DeepOnion. Since DeepOnion also share technology with ZCash (Zero knowledge) some of that market cap might start to consider DeepOnion as an alternative. I don't think there will be a 50/50 split but maybe 25% of Verge and 10% of ZCash holder capital will diversify their investment into DeepOnion.
Assuming the 400M market cap is the "base value" of DeepOnion, Verge has the 2.5B market cap, ZCash at about 2B that would mean a market cap of DeepOnion of: 400 + 625 + 200 = 1.225B dollars. That is a final price per coin of about:
$75-80 per ONION as my final estimate for 2018
Considering the price of an ONION today is $6 I see an increase of about 13x for this coin in 2018 and this is assuming no more cash will flow into crypto during this time. How much that could affect price is almost impossible to predict so I have based my estimate on the information available.
This might seem as a biased estimate since I haven't assumed people moving from DeepOnion to ZCash or Verge or anyone else. But the reason for this is that everyone already knows about ZCash, and Verge and Monero. The people investing in DeepOnion won't move their money there since if they wanted to invest in those projects they already have or find DeepOnion the better alternative.
I hope you found this article interesting and please give your input if on what you would consider a fair estimate of DeepOnion in 2018. This is the project I most believe in for 2018 and I have more than 50% of my crypto investments in this single project. That large an investment portion in one project isn't something I would normally recommend but I have chosen this project to go long on and thought I should mention it for people wondering.
Disclaimer: I am no financial advisor so you should always do your own research before choosing to invest in any project
If you want to know more about the DeepOnion project, you can find more information in the links in my signature.
What are your thoughts on DeepOnion price in 2018?
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