RE: Tezo's Stats 📊 Futures Trading 📈 📉
I know it sounds nuts, but Tezos will be top 10 crypto. You have to keep in mind, that most of these projects that dominate the top 10, didn't have 230 million worth of capital at their disposal. There is virtually no reason for Tezos to fail. The more tokens that are issued/created increases decentralization and widespread distribution. In fact, one should look at EOS, as a more comparable measure. That ICO, is going to issue 1 billion tokens. Yup you heard me correctly, 1 billion. That's 400 million extra, and they have flirted with a post 3x ICO price.
Granted ETH and the market are going through a correction, but my estimate is Tezos will trade above a dollar, and most likely below $2, unless bitcoin somehow blows past 5k+. Then I can see Tezos easily in the $4-$5 dollar range.
Yea I think your right. That is a lot of money to start a network. If ICO's start to get created on Tezos the that will really drive the price up.
Yeah, I saw the futures on HITBTC, granted they are trading IOU's, are roughly going for 0.75 cents. I know it's not 600 million coins in the wild at once, but it could be a fair indicator. If BTC is ~$1900 and Tezos is ~0.75 cents, when BTC will breach $3800, Tezos will be flirting with the 1.50-$2 range. This is without any dapp development :P
So yeah, I am stoked. Just 4-6 months until we know for sure!
Now that the market is more liquid, we have Ethereum with a 106 billion dollar marketcap (and growing), the likes of Cardano trading at a $26 billion dollar marketcap and Neo at 4 billion. Given that Tezo's will not have issues with slow transaction times or bottlenecking, and the additional features being pumped into Tezos, I see no reason why Tezos shouldn't start trading at at least $10, and as high as $20 right off the bat. Keep in mind that I am writing this 6 months after you published this piece, and the marketcap of all crypt is around $822 billion dollars. The value of the Bitcoin and Ethereum investors pumped into the Tezo's ICO now amounts to well over ONE BILLION DOLLARS!
The only limiting factor may end up being ICON (ICX) which will launch their mainnet on January 24th, about 3 weeks from now. ICX is a popular Korean blockchain company and most of the Koreans are aware of the ICON name. They have partnerships with Hospitals, 3 of the top Universities in Korea, Insurance Firms and many more. ICX also created TheLoop. And finally, the creator of ICX also founded the largest Korean exchange (one of the largest world-wide in terms of trade volume). So ICON will most likely explode upwards now through February, becoming a top 10 crypto (it broke into the top 20 today). I havent done a side by side comparison to Tezo's, but if anyone has that knowledge, please share. I think ICX will give Ethereum a run for their money (Ethereum can't even handle a stupid Kitty App without becoming overloaded). ICX does not have these issues.