The biggest problem in the crypto space these days is that the market is flooded. I honestly think sites like coinmarketcap should only list the top 50 coins (at the most).
Every second day, there's a new coin coming out and as a result, everyone dumps and jumps onto the next ship. I'm not saying people should only support one project, but seriously with so many crypto currencies around its becoming more and more of a liability for investors, especially noobs.
$15 usd means a marketcap of 1.5 billion dollars, please tell me why that would be possible ?
Simple. consider the initial amount of investment thats come in... A very high amount for any ICO (in the beginning some said it wouldnt raise more than 8000 btc)... that immediately tells me way more people are in on this than previously thought possible. Then Consider the developments in the pipeline. Then take into consideration that coins like ethereum were worth jack shit for almost 7 months before taking off beyond anyones expectations hitting a high of 17dollars (the total supply of waves coins is also very close to ethereums). These are just a few factors to consider. As far as marketcap goes... nothing is impossible.
The only fuck up is as mentioned, every second day a new coin comes out and everyone sells and jumps to the ''next big thing"