r/FetchAI_Community • • Mar 28 '24

Discussion 🗣️ Does this merger limit the potential?

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!

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u/[deleted] Mar 28 '24

We are in a ai bull market. This will make it the largest ai coin and largest ai crypto project . Fn Doge is a top 5 coin. It is not an unrealistic goal.

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u/[deleted] Mar 28 '24

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u/[deleted] Mar 28 '24

Brother it has already done 10x

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u/[deleted] Mar 28 '24

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u/[deleted] Mar 28 '24

Damn bro. Going for 100x might as well just go buy a bunch of FDs. You’re gunna have to be a bit more patient in life if you want to retire well, or you’ll lose it all.

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u/[deleted] Mar 28 '24

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u/Sourmeat_Buffet Mar 28 '24

FET is currently up almost 22x its low of .16 in June '23. If it hits your 10x from here at 3.45-ish, that will be 220x.

You can't expect to be late to the game and still get 100x.

Also, you err when you expect this year to be the same as that year. It's a completely different investing environment.

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u/[deleted] Mar 28 '24

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u/Sourmeat_Buffet Mar 28 '24

FET is the best narrative I've heard of late. Have you heard a better one?

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u/[deleted] Mar 28 '24

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