Reading a lot of articles lately and I seem to see a huge trend in that no one in the crypto world knows the value of ETN, now and in the future. There is way to much difference between many sources. With one article even stating it will plummet to $0.00.
What it does come down to is its’ potential user base. For all we know it could very well be as viral as Pokemon Go which still boasts a whooping 20 million plus users per day. Let that figure sink in for a little if ETN gains the like…lets say even just 1/4 of those users are paying their data top ups etc. for arguments sake lets say $10-$20 each.
Total that and you get $50 million - $100 million worth of ETN being used on a daily basis. This is a dream figure but can not be ruled off the cards. Even 500k users is still a huge leap. In my opinion that confuses some in the crypto world because lets admit it…there are a huge amount that still have no real “USE” case yet.
Plus some still say they buy data and the merchant will sell to make their fiat money…rewind back a little and many will remember Richard himself saying it will be an ecosystem where the MVNOs will use a portion for rewards etc…
So in reality i think price wise most articles are either wrong or right, we just don’t know yet. In any price chats you see a lot even within the community saying ‘dream on’ when one states it will reach $100/ETN. Why not? may not happen over night but why couldn’t it? In reality to the price of ETN We just don’t know yet. It really is a tough cookie to crack
Let me know your thoughts on the matter. What are the reasons articles can’t figure out a prediction? Why can’t we reach $100?
I would really like to know this as in my mind there is no ruling anything out of the equation at this stage.
Note that I have not factored in investors, hedge funds etc. just purely user base.