There is 350M circulating LINKies (I sincerely don't know how the other 650M will enter circulation, if you can help lmk).
To get to a $1000 you'd need at least $350 trillion of a market cap. For comparison BTC is just above $212 trillion, ETH is at $32 trillion.
From where I stand, a $1000 is impossible in general and ofc eoy.
What do you think?
ps. just dumped my whole savings on this coin
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This is EXACTLY the type of person I imagine is invested in link.
140 IQ
No middle ground.
You're disregarding staking and tokens being locked in contracts and nodes. Also you're not realizing the real-world adaptability link brings to the table
lurk moar faggot
And thank me later
goddamn im glad i dumped every last one of my pathetic shitcoins into this
Can you provide more resources for this?
bump.
Market cap is just last sale price x total # of tokens you dunce
Whole fucking crypto market is still under a trillion.. brainlet.
Is Holo also a good investment?
What kind of market cap would you need for $100? Or $250? Both of those would set me up for life.
Nigger
Price will be inflated by users eventually using LINK based smart contracts to trade LINK for derivatives, gambling, etc. Long enough options mean a significant amount of LINK can and probably will be locked away at any given time. Thus the expected ultimate circulating supply can be a bit misleading.
..Well, unless everyone goes full retard and nobody ends up using LINK for the smart contracts. If that happens, its dead in the water with those numbers.
which would mean that the inherent value that the token brings to the table is on that value.
what does LINK bring to be justifying a $350 TRILLION mc?
especially when, as mentions my OP was shit and the whole of crypto is less than $500B anyway.
Yes
NO
O
And thank me later
$100 * circulating supply
>how can we even fucking say that this convenience is worth $2.5 per coin?
that was what I was gonna write. but now I thought about it and I get it. They are trying to move all those functions from traditional centralized markets to the blockchain.
fuck. I have to buy more of this shit.
>btc is 212 trillion, eth is at 32 trillion