Will an altcoin ever reach $1 billion market cap again? - page 2.

Bizmark13

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Quote from: keyscore44 on August 12, 2014, 09:38:20 AM

Maybe in the future, can't see it happening any time soon in the current slump. Not nice seeing my portfolio losing value everyday Angry

Yeah, it's crazy how prices have dropped today. Peercoin is down by 12 percent. Litecoin by almost a fifth. Bitcoin is down as well. All in the space of 24 hours. And if you look at the long term charts, it looks just as bad. Sad

keyscore44

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Maybe in the future, can't see it happening any time soon in the current slump. Not nice seeing my portfolio losing value everyday Angry

Bizmark13

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Quote from: Wulfcastle on August 12, 2014, 08:47:18 AM

Auroracoin reached the $1 Billion Market Cap (artificially inflated) for around three quarters of a day before its mega dump.

Interesting. I didn't know that. I am guessing it was when the coin was being traded but before the airdrop right? Having an enormous premine would do that although I guess Auroracoin's premine was for legit reasons. Similar stuff happens with heavily premined low volume coins all the time.

Anyway, it's interesting to see the votes so far. 8 people voted "Yes" and 1 person voted "Maybe". No votes for "No" yet. Since the poll is anonymous, there would be no point in someone hyping a coin that they hold so it seems that most people here genuinely do believe that an altcoin other than Litecoin will surpass the $1 billion barrier. My guess is that Bitcoin's market cap will probably be in the tens of billions if/when this happens.

Wulfcastle

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Quote from: Txslady on August 12, 2014, 08:52:13 AM

Check out Saffroncoin (SFR), Yes I have some mined coins but nothing major and I am not tied to the coin in any other way. I think it could be the next big coin. https://bitcointalksearch.org/topic/ann-sfr-saffroncoin-latest-version-142262-mandatory-wallet-update-586320

Here take a Walter White facepalm :

Katarina

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Stellar is premined and have no intrinsic value, so I don't think so..

BitCoinDream

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The revolution will be digital

Quote from: Bizmark13 on August 12, 2014, 08:17:49 AM

So far, Litecoin has been the only altcoin to exceed $1 billion market cap and even then, it only just barely managed to reach it and the time it spent above $1 billion was very brief. Now it's market cap has fallen, and continues to fall.

Do you think an altcoin will ever reach $1 billion market cap again? And which altcoin do you think it would be?

I personally think Litecoin has a shot at reaching and surpassing its ATH but only if Bitcoin undergoes another massive price spike. When the price of Bitcoin spikes, altcoin prices tend to follow. I believe Nxt also has a shot at reaching $1 billion too. Its growth also depends on Bitcoin but to a lesser extent than that of Litecoin since it isn't really perceived as being Bitcoin's little brother. I won't comment on Ripple since I don't know much about it.

What do you think?

Stellar will reach 1B market cap by 2020 because there will be 1B+ stellar in circulation and it is quiet expected that 1 stellar will equal 1 USD.

Txslady

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Check out Saffroncoin (SFR), Yes I have some mined coins but nothing major and I am not tied to the coin in any other way. I think it could be the next big coin. https://bitcointalksearch.org/topic/ann-sfr-saffroncoin-latest-version-142262-mandatory-wallet-update-586320

Lauda

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Terminated.

These threads are really ridiculous. This is pure speculation and the majority of answers will be 'randomaltcoin' that the person is holding.
You will get very few objective opinions on this. I wouldn't believe in NXT and Ripple is bad anyways.
Litecoin besides being the first successful altcoin has no features, so we will see if that is enough for it to survive/stay first.

Wulfcastle

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Auroracoin reached the $1 Billion Market Cap (artificially inflated) for around three quarters of a day before its mega dump.

RW-Stott

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XCurrency

Bizmark13

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So far, Litecoin has been the only altcoin to exceed $1 billion market cap and even then, it only just barely managed to reach it and the time it spent above $1 billion was very brief. Now it's market cap has fallen, and continues to fall.

Do you think an altcoin will ever reach $1 billion market cap again? And which altcoin do you think it would be?

I personally think Litecoin has a shot at reaching and surpassing its ATH but only if Bitcoin undergoes another massive price spike. When the price of Bitcoin spikes, altcoin prices tend to follow. I believe Nxt also has a shot at reaching $1 billion too. Its growth also depends on Bitcoin but to a lesser extent than that of Litecoin since it isn't really perceived as being Bitcoin's little brother. I won't comment on Ripple since I don't know much about it.

What do you think?

Topic: Will an altcoin ever reach $1 billion market cap again? - page 2. (Read 3610 times)