I've been hearing a lot of folks getting excited about XVG and calling for a new all time high. I have news for you... XVGBTC ATH is never going to happen. (Probably not XVGUSD either, but that's another chart). But, if this truly is the bottom for XVGBTC (for now), then great things are possible. A modest 0.38% of ATH would bring the value of XVGBTC to nearly 800 sats, which would be about 20x the current price.
Why not 2000 sats again ? What makes it impossible in your mind? It is crypto world. everything is possible. thanks...
monochromatic
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@importedRhino13972, This idea is a combination of fundamental analysis, technical analysis, and gut feeling. Crypto focus right now is on newer coins in the DeFi space. Unless Verge comes up with some major partnerships (Voice Life does *not* look that impressive, IMO), the fundamentals are not there for that kind of growth.
At current BTC price, 2000 sats = $0.70 USD times max XVG supply of 16,555,000,000 coins, and you get a market cap of 11.5B USD. Take a look at their Github activity and tell me if you think that's a reasonable value? github.com/vergecurrency/verge/pulse
(it's funny GitHub calls that the "pulse", because in the case of XVG it looks dead)
A target of 800 sats is very generous and would be based on the kind of crazy speculation we saw in 2017, except most of the money will be going into newer coins. That said, I think XVG is just the kind coin that can catch a trend and blow up very quickly. I just wouldn't plan on holding it.
Duke_Stallard
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@monochromatic, Very nice explanation. I like the effort.
Thanks!