/biz/ - Business & Finance

Yes, you can make it with anything over 50k.

Until mainnet happens it's hard to give a realistic approximation of when we'll see something like $10, but just based on my current understanding of the Protocol I don't see why it can't easily break through $1-3 within 1 year after mainnet and then reach/break $10 a year after that.

The main reasons given against this prediction is the total supply of 100B, but 55% of it is locked in a slow release smart contract which is a safeguard against "exit scamming" as well as open market "dumping" so I don't think that's going to be a big barrier for the price movement going forward. The next reason given is that investors will dump their tokens since they have no such limitations (after 2020 mainnet), but this is also unlikely, investors like Thiel who bought RSR tokens will most likely arbitrage (early), which will burn some of the supply and slowly increase the scarcity and add value to the rest of their tokens. It wouldn't make sense for these investors to dump the tokens into the market where it could reduce the value of their other tokens which they could potentially use for arbitrage in the future as adoption rate increases and more investors gain confidence in the system and being to arbitrage.

With this said, if most of the supply stays locked. Most of the big investors avoid big market dumps and the arbitrage system works as intended then it's very likely that we will see $10+ much earlier than people think. Just because the price is extremely low at the moment and it seems stagnated doesn't mean that things can't change very quickly as real world adoption starts to happen. The demand for something like RSV is extremely high and only fudders will try and argue against this. We know there's an extremely high demand based on real world events happening right now all over places like Venezuela and Argentina. People flocking to crypto as a safe haven even though there's a high risk of volatility. DYOR