LBYS
Long

ETC looking to reconfirm Fib levels on it's way to testing ATH

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin
February is looking prime. These are the entries you are going to brag about in the next 2 months. Not taking profit until 3x.
Trade ist aktiv: almost cloud break
Hi traders!

Something here is very difficult to understand?

1: In a nother post, Callisto is estimated at least to be worth $300 (https://www.tradingview.com/chart/ETCBTC/zX6sQzYD-Ethereum-Classic-ETC-Price-Surge-On-Callisto-CLO-Airdrop/)

2: People will receive Callisto 1:1

3: Price of a single ETC is around $30

So it seems that the ETC is EXTREMELY undervalued?? The Price should rise AT LEAST to $330? I.e. a 10X rise just around 5 march??

Best

Baldy
Antworten
boyty Baldy123
@Baldy123, Callisto will have 6.5 billion coins in circulation. for it to be worth $300 as you say it would have to reacha marketcap of 1950 billion dollars. That's not happening. you should probably be looking at around 10-20 cents at release and around 50 cents eventually. nothing to write home about. I'd use this opportunity to sell the news once it reaches max fomo end february.
Antworten
@boyty It states that there will be 1:1 - Hence there are 210 mill. ETC coins jf. this articel:

https://www.coindesk.com/230-million-ethereum-classic-community/

"The new monetary policy sets a limit for the total issuance. The block reward will be reduced by 20% at block number 5,000,000, and another 20% every 5,000,000 blocks thereafter. Uncle block rewards will also be reduced. Due to variations in the reward rate of ETC, we anticipate the total supply to be approximately 210 million ETC, not to exceed 230 million ETC."

So there should in total be "only" 210 mill. Callisto coins circulating.. Not 6.5 bill. ??

Hence $300 for each coin, means 63 billion dollars in market cap - I.e. Ripple style.. I must admit it is still not realistic.. The fundamentals of Callisto is very promising $30-40 is MUCH more likely than $300-400.. I dont know, who came up with the +$300..

If any body know some info supporting +$300, please share... With documentation
Antworten
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