Topic: PRL Price Prediction once Pegged (Read 645 times)
if btc goes up 10$ easy this year
The price is coming down, I don't see how these is going to be different from past airdrops, Ignis and BTCP are two that comes to mind, the reason why most people are holding the tokens for now is because of the airdrops and they will have no incentives to hold the tokens after the airdrops and the price will dump
PRL
$1.10 USD (22.80%)
0.00011209 BTC (16.12%) ? taken just now.
Everything came down from the last dip, give it a chance.
The price is coming down, I don't see how these is going to be different from past airdrops, Ignis and BTCP are two that comes to mind, the reason why most people are holding the tokens for now is because of the airdrops and they will have no incentives to hold the tokens after the airdrops and the price will dump
Let's hope for a >$10 coin. The peg is also inflating which should offset the "depreciating" cost per GB. Just benchmarking against common cloud storage sites makes it completely doable.
The dev's are also some of the best I have seen - Bruno - the core dev, is very often on telegram answering questions and the fact that they token burned part of their dev fund says quite alot.
Also SHL airdrop on 6th Apr
The dev's are also some of the best I have seen - Bruno - the core dev, is very often on telegram answering questions and the fact that they token burned part of their dev fund says quite alot.
Also SHL airdrop on 6th Apr
I heard a lot of good things about this token and it was impressive, so my opinion for this another news could lead another big thing for PRL. I am in a little jealous for my friend for he manage to have while it was under price.
From Brunos own words, the price peg will be based on yearly cost, not monthly.
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
Does this mean prl will be 10$ minimum at mainnet in april? or is this calculation based on some other facts and results?
It'll have to hit the price before the peg comes in to play surely, I'm not sure how the price could just go from $1 to $10 based on a peg, but maybe I'm wrong, the only asset backed peg I've seen in crypto is USDT and this was pegged at $1 from the start, difference being is USDT is pretty much a hard peg, PRL will be a dynamic peg, so it can still grow, the peg will be used to prevent volatility and help maintain the price around it's pegged price, still haven't been able to find more than little bits of information on how the peg will work though, so I'm speculating a bit here.
$10 per coin puts it around a $712,669,260 market cap which is very doable I think.
If it does go to $10+ from a peg I'll be over the moon, I've got quite a bit in PRL, it's my 3rd highest bag.
From Brunos own words, the price peg will be based on yearly cost, not monthly.
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
Does this mean prl will be 10$ minimum at mainnet in april? or is this calculation based on some other facts and results?
From Brunos own words, the price peg will be based on yearly cost, not monthly.
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
So to compare with 64gb
http://calculator.s3.amazonaws.com/index.html, 64gb = $1.36 per month, $16.32 per year
https://www.google.com/drive/pricing/, per 100gb = $1.99, so for 64gb would be around $1.27, so $15.24 per year
Based on that, price peg at a minimal will be $10-15 I would guess, the big speculation here is will PRL charge more than google, dropbox and S3, while it may be better tech, adoption won't touch these 3 initially so I'll guess $10 per 64gb per year
Can someone please explain what this will mean for my investment. I am pretty much all in on PRL right now and after reading about this I'm not sure what to do, whether I should hodl or not. If they peg the price, say $4 per 64G and they're selling 512 GB per PRL wouldn't that put each PRL at a set price of $32? If this is the case my ROI would be huge but it almost seems too good to be true. Any word on when this price peg will occur? I'm assuming with MainNet launc. Any help would be hugely appreciated. I've posted in servely different places with no replies. Thanks
The price is not pegged - PRL is not Tether. The price of PRL is pegged to storage and the peg will increase over time. Example - let's say that 1 PRL will equal 128GB which corresponds to let's say 10 USD (market will stabilize). In few months, 1 PRL will equal more - let's say 256GB. It is likely that the price will increase 2x.
And do not forget that if you participate in the airdrop (= have your PRL outside of exchanges, unless some of them will participate), you will receive 1 SHL for each 1 PRL. SHL is purely speculative asset and it is not pegged to anything.
Oyster Protocol is an ecosystem containing one speculative and one non-speculative (or partially speculative) asset.
The storage peg will be set when the mainet is released which is scheduled for sometime in April. We don't know yet what the peg will be. Bruno mentioned the initial peg will be a minimum of 64gb/PRL/year but he thinks 512gb is reasonable. It's also not fixed the peg will increase over time.
Bruno said something about 1PRL = 512GB/year (minimum) and it will probably grow with time.
So make your calculations.
So make your calculations.
Yes this is just a version 1 and we should see more updates.
One more good news guys. The team just released the SHL white paper.
Thanks for info. I've seen better whitepapers but still this is good for Oyster.
Here is the link.
[Suspicious link removed]/ShellWhitepaper.pdf
I suspect this is just the first draft of the SHL whitepaper with more to come. As indicated by:
Quote
Oyster Shell Whitepaper Rev. 0.1b
I'm guessing Rev. 0.1b wont be the last we see here
One more good news guys. The team just released the SHL white paper.
Thanks for info. I've seen better whitepapers but still this is good for Oyster.
Here is the link.
[Suspicious link removed]/ShellWhitepaper.pdf
One more good news guys. The team just released the SHL white paper.
Ok so if we take mediafire at $3.75/month for a 1TB (45$ yearly)
PRL price will be around 3$, hmm
By my logic, that would put it at 38-42$ per token. Where are you getting 3$ from?PRL price will be around 3$, hmm
the value 3USD sounds valid.
512GB seems reasonable.
If we go with the above reasoning, 1 PRL = US$ 0.45 roughly ...
Also it's *decentralized* storage, which I'd expect to be more valuable than mediafire storage. A better comparison would be Amazon S3, and that would make it more like $15+ for 64Gb
however, if we look at this, it is a totally different ballgame.
Also it's *decentralized* storage, which I'd expect to be more valuable than mediafire storage. A better comparison would be Amazon S3, and that would make it more like $15+ for 64Gb
64 GB is very low, I believe Bruno said 512GB is more realistic.
512GB seems reasonable. I'm really hoping for 1TB even though its unlikely. It makes the most sense in my head to prepare for future storage needs but also 1 PRL = 1 TB seems like a better pair than 1 PRL = 512GB or 2PRL = 1TB.
Yea good point, I think 1 PRL = 1 TB is very likely
64 GB is very low, I believe Bruno said 512GB is more realistic.
512GB seems reasonable. I'm really hoping for 1TB even though its unlikely. It makes the most sense in my head to prepare for future storage needs but also 1 PRL = 1 TB seems like a better pair than 1 PRL = 512GB or 2PRL = 1TB.
I have not been dealing much with PRL so far. What I understood, it is a protocol based on IOTA (and somehow also utilizes the Ethereum blockchain). Were the 70 million tokens distributed through an ICO? And what about the remaining undistributed 40 million tokens (according the figures of Coinmarketcap)?
According to a post on reddit, nearly all the coins have been mined and exist in the 12.1k wallets. I'm not sure what amount had been distributed via the ICO. Also note, that a coin burn of 10 million tokens is set for March 1st, setting the total supply at 98mm.
Thanks, where does the 10 million coins to burn come from?
I believe they said it's coming from Bruno's holdings.
Correct, main dev wallet:
https://medium.com/oysterprotocol/oyster-pearl-team-update-4-f2cc22eca1a7
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