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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27882123 No.27882123 [Reply] [Original]

Ok help me understand something. I'm a bit confused by market cap, I know it's price * circulating supply, but does that effect how high it can theoretically go? Is a $100 GRT in a year realistic or (if I'm doing the math right) that would be impossible because it requires more money than in all of crypto?

>> No.27882245

>>27882123
yeh its impossible its already overpriced u should sell already

>> No.27882417
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27882417

>>27882123
Easily. Keep in mind that the project came out like 1-2 months ago and there are already 2B tokens staked, meaning out of circulation. As the months go by, there will be more Subgraphs migrating from testnet to main net. Like ~7k subgraphs to be exact. Not to mention queries will increase exponentially as the project picks up steam, thus making the token burn offset the inflation + any token dump. 10 B supply will never be enough for a monstrous project like this.

>> No.27882757
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27882757

>>27882417
Out of circulation tokens are still counted anon. 10b cap at 100 dollars gives this a higher market cap than the nasdaq.

This is at BEST a 10$ token in 2-3 years, assuming the devs dump their supply wisely which they probably will.

With the bull run happening right now and people's stimilus checks coupled with the fact this is one of the few ok projects available to US customers on exchanges, we've seen some significant growth which I bet will see some harsh correction in the next month or so. It's already swung from it's ATH of 1.05 down to 85 in one night so it's not all that stable to begin with.

Fair EOY is $5. I say this as someone who likes the concept.

>> No.27882860

Did any early buyers cash out today at 1.05?

I’d imagine they probably could have.

>> No.27882911

>>27882860
bought at pre .50. not gonna cash out till at least 2.

>> No.27882972

>dips to .85
>pumps back to .90
>drops down again
damn it I wanted to buy more at sub .80
who is the asshole that keeps pumping (and who keeps dumping)?

>> No.27883074

>>27882757
>Fair EOY is $5.
this