Enigma Price projections based on Fundamental analysis
Hello All,
Enigma is still surprisingly cheap, sitting on only around a $500 million Market cap. I believe crossing the $1B threshold is certainly achievable in the next month. As we have seen with other coins such as Verge, which saw a $2B pump in a week, I fully expect word of mouth about this coin reaching the ears of a Market Mover like John McAfee. Considering that a small fraction of US citizens even know about Bitcoin, it won't be too long before these same novice investors stumble upon ALT-coins. Now the most appealing coins to a novice investor will most certainly be coins such as Stellar, Verge, and TRON all of which are under $1 per coin. As soon as they become more knowledgable as an investor, you'll more investors looking for specific coins.
For me, as an investor in crypto, I look for atleast 3 out 4 main ingredients when it comes to investing in a project; 1.Low Market cap relative to other coins, 2. low Coin Availability (20-200 million) 3. What does the product do/trying to do and 4. Is there major competition for this product. What you see with Enigma is 4 out 4. Low Market Cap when compared to the top 30 coins which are all $1B or above. Low Coin availability which can lead to larger gains with smaller pumps in market cap atlas in regards to supply/demand. Enigma, as far as I know is the only team trying to develop Private Smart contracts, so they have no competition.
My prediction for Enigma based on the fundamentals at play and with of course technical analysis is as followed; $1B market cap by end of month, mid February at the latest. I can see Consolidation at $1B as most coins that have similar Coin availability see this as a heavy resistance/support level. I can see $1.5-$3B by July-Aug. By late Fall, early December I wouldn't be surprised if Enigma sat at $2.5-$4B. Now I have seen other projections, some as wild as $250 per coin which would equate to around $18-$19B in Market cap. Can Enigma achieve this cap by end of year? If they can release a product and it is SUCCESSFUL by then, hell yes. But I rather set my expectations at realistic levels considering the difficulty of producing this product, but once successful omg forget the Moon, we're going to Mars. I think Enigma is an extremely solid project, long term hold and would recommend it to anyone in the crypto space.
Very good analysis.