Inspired by WagyuLink Anon who predicts >$1 by EOQ2 (>>12216394) and >$20 by EOY 2020. I want price prediction discussions backed up by (((actual reasoning)))! Both bullish and bearish!
Now, without any change in the overall crypto mcap, in the current bear market, $2 would be mcap of $700,000,000 (7 hundred million) and put LINK at position 16/17 on cmc. I think we can all agree this is perfectly reasonable.
$20 would be mcap of $7,000,000,000 (7 billion) at position #4, ahead of bitcoin cash. If LINK really is the missing piece of the God protocol, if it really is used by hundreds and hundreds of teams in the same manner as ETH was last year, and goes on an ETH-like run, this is feasible.
If LINK makes it to the #2 spot right now and flips ETH and XRP, at a mcap of $17 billion, it would be $50 per token. Again this would depend on actual massive usage - which we have every indication to think it coming.
Now, thinking about changes in the overall marketcap of crypto - we are currently in a bear market (hopefully not for too much longer) so if we take the mcap of ETH at its peak, which was a mcap bigger than BTC is *right now*, that would make 1 LINK = $350. Personally I think this is the highest estimate that makes any sense, but I'd love to hear any arguments otherwise.
Now if LINK reached position #16 - WagyuLink Anon's estimate for next year - and had the same mcap as #16 but in the peak of the last bull market, which was $17 billion mcap, that would be the SAME mcap as XRP *right now* making 1 LINK = $50. I think this is the most convincing point for me and very encouraging.
So all in all, my price predictions are $2 for certain, $50 highly likely, $350 maximum but unlikely. Who agrees?
FINALLY, can someone post the LINK price chart which shows position on cmc versus total mcap of all crypto? It looks like someone made it in Excel. Can't find it in archives.