BitShares is still very hot. We experienced a correction that was a bit bigger then expected, but if we look at the bigger picture it makes sense and even was necessary. We just confirmed the uptrend-line and formed the handle for the big cup and handle. Indicators are down as well, so plenty of room to grow.
Thanks for the thoughts on bitshares. Much appreciated.
I think one day this coin could be $100+ per coin.
TopGainCapital
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@kitkat16,
This is very unrealistic in my opinion. Just when USD is really almost worthless :D
You need to take into consideration the total amount of coins and what it means for the marketcap.
The max supply of BTS is 3.6 bln. 100 USD per BTS woud make all BitShares together worth 360.000.000.000 USD. I think that is not very likely.
We have 2.6 bln at the moment. I think a market cap of 10 bln is maximum atm, so my bet is we won't see BTS over 4$ for a long time.
kitkat16
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I think it's a long way away, but my reasoning is based on a scenario where regulated exchanges start getting heat and DEX's start taking over. Bitshares technical strength and brotherhood with EOS makes it the front runner for decentralized exchange use.
There will also be multiple forks over the next few years.
Bitshares is also going to start equities trading options on their platform. It's massive in China and is the biggest decentralized exchange with the highest volume of Chinese Yuan traded of any DEX exchange.
Anyway, I'm not saying it will happen tomorrow, but I don't see 360 Billion as an unrealistic market cap if Bitshares is the number one option for decentralized equities, stock and cryptocurrency trading.
Even at $50 a coin, 180 billion isn't too crazy to imagine.
I think one day this coin could be $100+ per coin.