As a traditional investment professional, as I have stated before, I am impressed with the underlying fundamentals. A good traditional stock has a good management team, good R & D to stays relevant and appealing to the masses, and if lucky enough a dividend. XC has a great management team, cutting edge technology that has been delivered or is being worked on that will have mass appeal, and it coins increase only 3.3% a year, which is similar to a dividend being paid to current holders. It also has a market cap of $4 to $5 million with plenty of room for growth.
Other coins that intrigued me at first have some flawed fundamentals. They over promise and under deliver. They do no have a set amount of coins (shares). This will lead to dilution. An example is a traditional stock who's price increased over the years and it becomes cumbersome to record keep so they do a stock split. A 2-1 split increases everyones shares by 2, but cuts the price in half. A few other coins have less than half of their final coin number in circulation. This will cause dilution of that coin over time... It simple economics. You look at these same coins and they will have resistance to growth. Say a coin has a $40 million market cap, or approx. 10x XC's, it will struggle to grow. It will take another $40 million to double the price, it will also take more if the number of coins continues to grow as mining continues and causes dilution. You are looking at a $60-$80 million of additional market capitalization to double the price. While doubling is not bad, I see XC with as much or more technology as these coins after only 6 weeks. I see the roadmap and the marketing that has been organized, the developer and his skill set, and the fact this coin can not be diluted as an opportunity that is very rare. A chance to earn many times your initial investment if you hold and trust the plan. As I said before, I bought more earlier this week when the price was low, and will continue to hold until I see a bad diversion from the plan. However, I don't expect this, because so far this team has under promised and over delivered and I expect this to continue.
so what do you think...do you see any reason why in the next few years XC cant have a marketcap equal to BTC..what do you think the future holds, if XC keeps delivering like it has?
Potentially... I think it has one of the best chances to emerge. A couple of reasons why... If this coin continues with its advancement on a technical side as well as doing those things that make it easier for the general population to adopt, it will grow its base. It won't fight dilution, Its coins in circulation are set, except for 3.3% (which may not be as much as those lost). So if it would go to $1000k a coin, you would be able to add other forms of XC easier. This would be much like the US having pennies, nickels, dimes, quarters, dollars, tens, twenties etc. If it has an easy payment system and you can use an XC credit card on one of the networks (visa, mc, discover) to buy goods and services across the world, especially if physically traveling the sky is the limit. I went overseas this year and had to convert the US dollar to a foreign currency. I did this at a currency desk at a large bank. I paid a premium when exchanging before the trip and exchanged at a discount when I returned home, not to mention the foreign transaction fees on my VISA... XC would avoid these hassles... Will this happen in 2 years, maybe. Will XC be the coin? In my mind it has the potential. Bitcoin is like a DOW JONES company. It is hard to turn those big ships and make big advancements. If XC can get it right early, they may be the Facebook replacing the myspace. I also always look at what I say is a conservative side to a company. The minimum I see for XC is a very functional alternate currency that is spent and used due to its anonymous features, easy and safe to use technology and continues to grow at a slower pace. This would still put the price $150 to $200 with a market cap around $1 billion. If they continue to deliver I see the range being $150 to $750 in the next 2 years.
