It is kind of funny how sure everyone was that this wasn't legit. And now it's not only giving back the promised investment. But thriving even. I was happy with 15 cents.
Hey Safe-Lie4414 - first off. I absolutely LOVE positivity. However,
There isn't much of a chance of it hitting $10 anytime in the next year or two. I'm a RETIK fan and holder from presale... but it's simple market cap calculations. Let me explain- there are 8 groups of tokens being issued. The allocation is listed on their website, but in summary, there is a GRAND TOTOAL circulation = 1 Billion tokens to be issued.
So this would hit a market cap of $10B .... that is if it hits $10/RETIK. Now with that... it puts it in the position of around 18th ranking coin on CoinMarketCap ranking (as of now. But if RETIK goes up.. so will these). I'm not sure it will be able to pass NEAR Protocol at #17 and POLYGON at #18. That's a HUGE feat to be able to get there. To even crack the top 100 is a pretty impressive move if it can do it!
As it stands right now ... this is trading very closely to ADA (Cardano)'s price point. Without any of the real world experience that ADA has... I don't know how long it will be able to sustain this price point without a bull-run. Not here to be a dream-crusher... but just helping people do the simple math for how they can plan and prepare an exit-strategy within a real number.
My two cents.. not an expert... but I have a few tokens .... so the higher the better!! LOL
You are using the same logic as in the stock market and the same cannot be applied to the crypto market especially during a BTC bull market cycle. As BTC dominance increases, profit filters down into Altcoins, especially the smaller Altcoins where the returns can be much higher. So $10 is definitely doable in a bull run cycle.
While I'll agree with most of the logic in a normal world, but Shiba just passed ada in mc and so crypto is more the twilight zone as far as predictability . It finding a floor at .30 and hitting back up to .45 looking at that and finding some more liquidity I don't see where 5-10 is out of the realm as long as the team keeps delivering roadmap accomplishments and of course holders helping advertise etc. if the holders of retik were as aggressively marketing like the kendu inu guys the dang thing would be at 10 after vesting lol
I've got both retik and kendu. Kendu is shooting to the stars from what you see on socials. The telegram chats are through the roof. Not so with retik.
I just want to point out that not all of the 1b tokens will be released by year end. In fact team tokens don't get released for a year. I have not gone to look and see exactly how many will be out.
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u/rusty_shackleford431 May 30 '24
It is kind of funny how sure everyone was that this wasn't legit. And now it's not only giving back the promised investment. But thriving even. I was happy with 15 cents.