Sun Aug 28, 2016 7:35 pm



A $500M to $1B USD market cap for Monero in the next few months doesn't seem unreasonable with these things going on.

Price increases will drive further development of services using Monero, that will lead to further price increases.

It will be a self fulfilling cycle until we bump up against scaling issues.



So my wild guess: $500M to $1B USD market cap by the end of the year, even with very few actual use cases at the moment.



What do other people think?

I think this is not as far fetched as some people may be thinking at this moment. I was thinking that number last week before this latest round of madness started.There are very few crypto's with any actual use. We know that ETH is very powerful, but is it even really "used" yet? Well, we saw the DAO and we know how that turned out. (Hi ETC) I am sure there are a bunch of proof of concept's running on ETH but i think it got to where it is basically on speculation alone, and a great deal of the speculators have really no idea how to leverage it, they are waiting on the benevolent dictator to lead the way and basically riding the hype train.There has been very little hype around xmr until very recently, but the difference is that xmr is not a swiss army knife, it does one thing really well, it's a fungible currency, and that's all it needs to be. Any "hype" surrounding that is legitimate, and all you need to do is spend an afternoon (or maybe a few days) and really wrap your head around it and put your hands on it to see it for what it is. The same thing many of us did with bitcoin years ago, it was always easy for us to see bitcoins immediate value proposition, even when it wasn't so clear for some of us in the early days. Sure bitcoin is more than just a currency, but most people really need to think outside the box to see it as other things. That's the reason i think why alot of it's other use cases haven't really took off (yet, and why eth will be slow to as well). XMR isn't really as much of a brain exercise, once you wrap your head around it, it just is what it is, and what it is is very valuable, and can be used _today_ and looks like it's actually _going_ to be used today. That to me says even now it's undervalued. I also see it's property as a store of value to be very strong, which begs the question, unless your intention is to completely remove your capital from the crypto world, why sell?