Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.
So, you are expecting Monero to increase 3x the current price in the next 10 months? When was the last time growth was that low? Think about what it has averaged for the last 2 years and if you want to be conservative discount that number. My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.
- Bullet Proofs is implemented successfully
- Kovri
- Coinbase adoption
- Multisig and major DNM adoption
If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!
I wrote this 4 weeks ago. Price /2.75 ago. I wouldn't assume that Monero is done with massive moves just yet. The supply squeeze is going to reach epic proportions eventually.
One year ago, XMR was $6. A year before that, it was 40 cents. Today, XMR is $133. One year from now, 1 XMR=$______