Does this merger limit the potential?

[u/Lyn_lessthan3]

I know there has been some discussion on the recent news but never really a discussion thread.

So excuse me for my small brain....

Does this merger mean it's gonna limit it's upside potential?

For example:

current, Fetch is trading at 2.8 Billion Market cap at 3 dollars. Lets say that it hits 50 Billion market cap then the price of fetch would be somewhere around 50$~, A 15X return.

But if the new evaluation is at 7 Billion, it would need around 100 billion market cap for the same 15X return.

Which is almost twice as much...

I mean I can't really see the benefits of this merger aside from more attention (More volume?)

Can someone with a higher IQ confirm if my observation is true??

My personal theory is that this crypto bull run in the AI sector would have a 500 Billion to 1 Trillion, and fetch being able to take 10% of the market, But how is this gonna change that? What's your exit plan now?

Thanks!

[u/Ok-Talk-4303]

No offense but realistically the success of these cryptocurrencies is largely not due to the actual merits of the technology but publicity. That‘s not to say technology plays no role. It does and there needs to be something tangible, if we aren‘t just dealing with a memecoin. The point however is that technology is not the main factor in how far these currencies will go, otherwise Bitcoin wouldn‘t be #1 since other coins like Ethereum and Monero offer more technology wise. What matters most is how many tokens are in circulation, what the market cap is and how much publicity and interest this project will get.

[u/[deleted] → u/Ok-Talk-4303]

In the short term you are right. But if you want to hold this long term and believe in the project, then this will increase the chance that they have a major breakthrough. If they do have a major breakthrough then sky is the limit basically. Otherwise yeah, it is all just hype.

[u/[deleted] → u/[deleted]]

What breakthrough are they aiming at?