The best product doesn’t necessarily get market adoption. Also ETH is a least 3 years in front in terms of adoption. Also there might not be another bubble has big as the last one and other good blockchain are pushing so the capital might be more diversified across multiples plateforms.
There is a 0% chance of this happening barring history altering extreme worldwide changes in financial systems.
Double digit XTZ is a possibility if a lot of things go right for cryptocurrency in general and Tezos specifically.
0% chance is physically impossible. Chance of anything can tend to 0% but can never be 0%. However unlikely, double digit Tezos is a very real possibility and not that far away. That’s 10B market cap, with the amount of XTZ staked and the increasing demand as the ecosystem develops, Tezos being a working product unlike most other Top50 projects, and the potential for improvement it has thanks to the amendment system. Double digit Tezos in 2021 is not that far fetched.
Are you sure you understand basic math? A $10b market cap would put the price of 1 XTZ around $15, not anywhere near "$199 or $202."
I didn't say double digit XTZ is far fetched. I said it was possible if things go right.
Are you sure you actually understand basic math and have a sufficient reading comprehension to make such an arrogant and stupid comment?
Let me explain you:
Saying that there’s 0% chance of anything shows little knowledge of the physics of this universe.
“Double digit” is said of a number or variable between 10-99. $10/XTZ would, by your numbers, actually mean less than 10B$ MktCap. I mentioned $10B as ball park to approximate to a round mktcap that would mean double digit price for XTZ.
Saying that if many things go right for crypto and specifically for tezos is necessary for double digit prices shows your repeating skepticism and bearishness which I rebated with my argument.
I didn't say there was a 0% chance for anything:
>There is a 0% chance of this happening ***barring history altering extreme worldwide changes in financial systems.***
This is in response to a reply claiming XTZ would be in the $200 range, and I stand by it. Any reasonable user here would agree a hundredfold increase in value in two years is unrealistic unless there are massive changes in the global financial landscape (edit: or some other crazy hypothetical like Bill Gates and Jeff Bezos waking up tomorrow deciding they want to buy every XTZ at $200 each).
I then spoke about a more realistic increase in market cap:
>Double digit XTZ is a possibility if a lot of things go right for cryptocurrency in general and Tezos specifically.
We're all hoping for double digit XTZ (to match your double digit IQ). There's nothing skeptical or bearish about what I said. An order of magnitude increase in market cap would require many things to go right. Maybe you expect a lot of good things to happen with Tezos. I assume we all do or we wouldn't have participated in the fundraiser and continued to stay involved. The project has a lot going for it, and a lot of good things have happened since launch. That will need to continue, and the crypto space itself will need to continue to mature.
You've yet to offer any explanation for why you disagree, you haven't even explained what you disagree with. It's just more mindless shilling from a guy who doesn't understand the money or the tech.
I even wouldn't say about anything global or extreme. Any shit (and not shit) in 21st century can force the people to spend millions and even billions (especially if it gains virus-like popularity, we won't correlate with Bitcoin and altcoins anymore). We just can't be sure in anything, that was the point, but in general I agree with you. We can't be sure that Tezos won't be 100$ without any global events. We can't be sure that Tezos will be more than 1$ even with global events. Always there is small chance of unexpected behavior without any reasons and against any analytics. It doesn't mean that we should be unrealistic and hope for such mars shot, but we cant deny such possibility based only on crypto history and future vision of crypto. It's like say that Bitcoin have all chances to drop to the 1$ or rise to the 100000$ without any reasons (doubtful? yes, but still can't be denied with 100% sure). Since crypto is young enough, we likely didn't see much yet. For example, Ethereum was more than 1000$ for one ETH once and I was shocked how people could buy it for that price with such circulating supply and zero changes in technology.
Same would apply to the reverse case if someone say that Tezos 100% will never drop to the 0.01$ without any critical reasons.
Realistic? Yes. But one can't say it for 100%.
Personally I see the Tezos at 5$ till the end of 2020, and 20$ till the end of the 2025 with 90% chance, even if Bitcoin will stay on same price as currently or will be close to the 20k$. I'm seeing 20bil marketcap (inflation taken into the count) as realistic target for Tezos, and can give it 90% chance to happen. I don't think it will be 100$ or 200$ for one Tez (with or without crypto market grow) but I can't deny it tho, because I can accept that I didn't saw much in crypto yet.