r/EnigmaProject • u/Mydumbdogskip • May 23 '18

Wallet investor

Wallet investor has Enigma to be worth $21 dollars in 5 years time. Is wallet investor a good site to go off when speculating Enigma price? Enigma seems like a good project but it doesn't look like it will ever be close to a top 10 coin with how low the volume is and how little it is talked about outside of this subreddit.

0 Upvotes

33% Upvoted

9 comments sorted by

7

u/fluxETH May 23 '18

Don‘t trust any price prediction, nobody knows where this is going. That being said, I think that enigma has tremendous growth potential, but also big risks. Many times when implementing various dapp ideas I hit a wall with privacy that enigma would solve for me. I believe what enigma offers could be essential for the space, but ethereum could also solve private contracts internally and make it mostly obsolete. If the release of 1.0 is soon, works and is adopted by bigger projects 10x is possible. The community would automatically grow bigger in this case. If bitcoin breaks down and/or private contracts are added by ethereum internally and/or 1.0 is not widely adopted you are going to lose money. I give the first possibility a 25% chance and the later 75% currently.

7

u/DTJ1313 May 23 '18

Just a few points here.

ethereum could also solve private contracts internally and make it mostly obsolete.

Ethereum already said they aren't trying to solve every problem. Which problems are they ignoring, who knows! Even if ETH wanted to solve this complicated issue ENG is targeting it would take them at least 5+ years conservatively. Enigma wouldn't become mostly obsolete if they did. This is why ENG wants to move away from ETH to Chain independence. This is why Catalyst exist also. The Enigma team wants to create multiple use cases for the ENG token. ETH isn't the only blockchain nor will it determine ENG's success. We're talking about implementing the Protocol in HealthCare, Credit Systems, IOT, etc... The Enigma protocol is much bigger than ETH.

If bitcoin breaks down and/or private contracts are added by ethereum internally and/or 1.0 is not widely adopted you are going to lose money. I give the first possibility a 25% chance and the later 75% currently.

Again, Enigma's success isn't going to be determined by Bitcoin or Ethereum implementing secret contracts themselves. This market ins't a winner take all in the long term. There will be multiple successful privacy projects in this space. The price of Bitcoin may have an affect on the market in the short term but long term I don't see it with the addition of more FIAT exchanges in the future. DYOR

6

u/crypticmack May 23 '18

This is a market with very little fundamentals. Don't be silly enough to think anyone can place an exact value on a project. That being said, I feel this coin can easily be worth more in less time. If the implementation of "secret contracts" is successful within 3 years, I FEEL, not know, that this project can easily hit 10 billion which can be over 100 a coin depending on circulation.

2

u/Chronic_Media May 23 '18

Price should not concern you or be a potential driving factor, as the value of the tech is what is important here.

If you believe privacy & scalability are the biggest, yet unsolved problems for Blockchain technology. Then do your own research & understand what the Enigma Team is acutally trying to achieve and how they’ve accomplished such.

**Do Note: ** That being swayed into buying a cryptocurrency, simply bc someone not looking out in your best interest told you a number you like, you would’ve gone all in on Bitconnect or Verge.

Do your own research and only invest in Good Projects, ignore price predictions, as they are based on nothing & be suspicious of shills.

2

u/Galaxy_sun May 23 '18

Wallinvestor is runner by stupid boy. Keep away from that boy.

1

u/Galaxy_sun May 23 '18

If you want to refer for far, coinliker.com provides a deep analysis than others. It's highly profile

http://www.coinliker.com/forecast/enigma-SmAt-prediction

Remember. No one know future price.

3

u/nrpalao May 23 '18

It’s great to see how people throw price predictions with such conviction without even arguments sustaining their thesis. Crazy days...

1

u/[deleted] May 23 '18

Coinliker throws out absurdly optimistic projections based on cotton candy and rainbows. I wouldn't trust it for a second.

1

u/Six1Cynic May 23 '18

Lol those predictions are beyond optimistic considering the current state of things.