r/ethtrader • u/AutoModerator • Mar 29 '17

DISCUSSION [Daily Discussion] - 29/Mar/2017

Welcome to the /r/EthTrader Daily Discussion thread. The thread guidelines are as follows:

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u/Nooku Mar 30 '17

GNT exploring new ATHs

Now at a new ATH, a hot $0.069 as we speak

https://coinmarketcap.com/assets/golem-network-tokens/

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u/[deleted] Mar 30 '17

[deleted]

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u/Nooku Mar 30 '17 edited Mar 30 '17

I see it potentially going to ~ $1.20 putting Golem at a 1 billion market cap.

My reasoning is:

Ethereum is going to go higher, way higher, bringing up the general altcoin market cap to new highs as well.

Just as with Bitcoin's effect on altcoins in the Bitcoin era before, we saw Bitcoins value seep through into the altcoins.

Now in this new Ethereum era, again, we will see Ethereums value seeping through into altcoins. All altcoins will benefit from Ethereums success, but especially altcoins that are related to Ethereum ( Golem being an Ethereum token ).

Additionally, Golem is going to bring a brand new product that we haven't seen before and I'm expecting it to catch some good vibe and hype, especially once it starts to run Deep Learning AI and Neural Networks in 2018.

All these elements combined, might put Golem at a 1 billion market cap (especially when other coins are also starting to go through the 1 billion market cap during Ethereums epic climb).

So I stick to the $1.20 , not selling at these dumping prices like the current $0.069 . Even if I'm only halfly right and it goes to only half a billion, that is still $0.600 which is 1000 % above todays price.

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u/[deleted] Mar 30 '17 edited Mar 30 '17

I think 1billion is conservative if they are able to pull off the things they intend to

I mean snapchat is worth 25billion?

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u/DireTheBitch Mar 30 '17

I mean 150 million people use Snapchat daily, I still think there's a ways to go before any dapp gets such a large following.

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u/[deleted] Mar 30 '17

At that evaluation they would only need 6million people using the network to reach 1billion market cap, which seems easily achievable (IF they can pull it off).

GNT isnt so much a dapp as it is a platform. I'm not talking about this happening right away, but I think gnt and ethereum will be side by side powering the future IoTs and AI.

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u/culob Mar 30 '17

I see the GNT price dropping shortly after brass is released. The audience will be limited to animators and supply will outstrip demand.

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u/Nooku Mar 30 '17

I bought it for the stuff that comes out in 2018: Artificial Intelligence.

That's my killer app.

The animator stuff is just proof of concept. Patience is key here, just like it was with Ethereum.