Why I think Enigma (ENG) will be worth $300 by end of this year

in enigma •  2 years ago  (edited)

First off, ENG was created by a team of MIT graduates.

ENG ELI5 (Explain Like I'm 5)

Ethereum + Monero = Enigma

Current Price per ENG: $6.00 (1/6/2018)
Current Market cap approx: $446,627,508
Rank on CoinMarketCap.com: 85

My personal price prediction is $300 by December 31st 2018.

That's a whopping 50x growth in less than a year at its current price of $6 per ENG.

That puts us at a total market cap of $22.3 billion

The first three things I look for in a cryptocurrency are: its development team, the community, and its solution for solving a current problem with today's blockchain tech.

Reasons for my price prediction:

1st Reason: Strong Community

Community Stats

Current Twitter Followers: 32,261
Current Reddit Subscribers: 6,391
YouTube Subscribers: 719
Telegram: 11,600
Discord: 3,882

Website: https://enigma.co

2nd Reason: Relatively Low Circulating and Max Supply
(Very similar to Ethereum's Supply)

Total Supply: 150,000,000 ENG
Circulating Supply: 74,836,171 ENG

3rd Reason: POS (Proof of Stake) Cryptocurrency

This will also be a proof of stake cryptocurrency.

At the time of this post, the number of coins required to have a master node is unknown but I personally believe it will be 10,000 tokens.

4th Reason: Privatizing Smart Contracts on all Platforms

"The Enigma protocol is a second-layer, off-chain network that aims to solve the two biggest problems for blockchains: scalability and privacy."

Secret Contracts...

"The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times."

Meaning, enigma allows other platforms to have the ability to do secret contracts.

"Enigma is an agnostic privacy protocol that enables different parties to jointly store and run computations on data while keeping data completely private through the use of secret contracts.

The protocol provides privacy and increased scalability to blockchains utilizing revolutionary 'secret contracts'."

The Enigma protocol is Blockchain "agnostic" meaning it can work with and be complementary to any other Blockchain Networks (ETH, NEO, etc).

As the decentralized web continues to scale, the Enigma protocol will provide blockchains with a necessary second-layer network that can handle more data, faster, while being fully private. Since Enigma solves the two largest limiting factors surrounding blockchain technology, privacy and scalability, it is going to allow for mass adoption of blockchains and decentralized applications.

2018 will be a huge year for cryptocurrency. Privacy coins are likely to gain even more traction as more and more people realize Bitcoin is public and anyone can follow their transfers from one wallet to another.

This is not financial advice, just one of many cryptocurrencies I have complete faith in. Do your research and good luck with your investments. May 2018 be the best year yet!

Donations are always appreciated:

Litecoin Address: Lh58Ke5L2tGqT9yEt8Smb5FrrDh2jEmq58
Ethereum Address: 0x65c828a1e2b471c9d951d116ea9fde07f97d415e
Enigma Address: 0x65c828a1e2b471c9d951d116ea9fde07f97d415e

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found you through vincentb but enjoyed the analysis, check my channel from now on for crypto analysis going forward

Hi Mate,
I like the insight you shared about Enigma. I am bullish on them as well. Its truly a game changer. I liked, followed and bookmarked. Keep on like this pls

Thanks for this. Keep up the good work and the vincentb tags and please upvote me back
please upvote my post with vincentB tag - i'll do the same to all of you
https://steemit.com/vincentb/@sir-kessler/uniting-a-niche-crypto-community-under-vincent-briatore-and-my-first-ever-hashtag-vincentb
#vincentb

"personal price prediction" ???

Is there another kind?

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