Q4 - #challenge30days: SNAX PROJECTIONS:- Short Term, Middle Term And Long Term
"The Journey of a thousand miles, begins with a few steps", goes a saying that shows that whereas planning may be a necessary dream, action brings it to fruition or reality. That reality can be weighed against the dream during execution of such plans.
Bringing the above scenario into the #snax projections of price, one may wonder what #snax tokens price may be like when it gets listed on an exchange. This is because of various factors, one of which is seen on the image below.
According to the information on the website as can be seen above, there will be a total of not 1billion or 10billion #snax tokens, but a whooping sum of 100BILLION #snax tokens to be made available during the first stage of the token distribution. Yes, FIRST STAGE means there will be more snax tokens subsequently, although it would be reduced by 98% of that initial amount of 100Billion. That huge amount of tokens may make one to wonder...
... What The Price Of Snax Will Be In 6 Months, 1year or Even 3years Time...
... After listing of the #snax tokens in an exchange. Going by my opinion about the price prediction, I may say that the 6months price of #snax tokens will be worse than any token perceived as a "shitcoin" because of the supply as well as the fact that it is relatively new to the Cryptocurrency sphere whose entire market capitalisation is less than the worth of Amazon company or even Steve Jobs, Apple company despite over 2000 coins listed on Coinmarketcap and still counting.
However, from the performance of Dogecoin which surprised and surpassed many people's expectations, I may say that #snax tokens will touch $0.001 someday around its first year after listing especially if the marketing team attracts many Dapp builders to the #snax blockchain space.
The price of the #snax tokens over a 3years period will likely see $0.01 to $0.05 by the time the image above reflects not just twitter and Steem platforms, but more integration of other platforms coupled with Dapps that have real life usecase. Yes, these prices can further be influenced if there is a token burn mechanism or buy back plan put in place for the long term betterment of the price.
These are my opinions and may not necessarily make sense to others. ☺ This is my contribution to the #snax #challenge30days put up by @dragosroua.
My #snax username is emjoe4all.
STAY TUNED TO, @emjoe
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