This is why electroneum could easily reach 5$

This is not my video, this is not me talking, but I wanted to share this nice analysis of the price prediction of the Electroneum coin, the hot fuzz of the crypto world right now.

Everyone right now is talking about the launch of Electroneum on the 1st of November and price speculation is going wild.

Some people are saying it will reach 1000€ (well, talk about being optimistic), others say it cannot go more than 0.02 because of.... THE MARKET CAP.
it is all about the market cap.

With a circulating supply of 9B, electroneum would have a 9B market cap if it was to reach 1 dollar in value, and that would be unthinkable for a new coin; that would be 10% of BITCOIN's market cap. We are shooting too high.

But there is a big flaw in this way of thinking. We are thinking of TODAY'S market.

If we look at what the Market caps of crypto were 1 year back, we will see how they grew 10x
Go 2 years back and you will see the growth is exponential.

What this mean is that in 1 year a market cap of 9B will be a standard thing in the crypto world. In 2 year 9B would be a bad performance. Because the total cap will be in the trillions if the growth stays the same (but it's actually accelerating).

So, long story short, looking at how fast the crypto market is growing, any coin could easily reach a market cap in the billions in 1 or more years.

Disclaimer: I own some ETN and other Cryptocurrency, I am in no way telling you how to invest your money or to buy any ciptocurrency, I am not a financial advisor