I'm not saying something wrong about IOTA, I'm big fan on them, I both them and I will hold them,
but more and more I study cripto, I start to understand that there is not so big opportunity that they
will gonna go super high, why? Okay I will say what I think.
By my understanding main factor of price is here:
1) Market Cap - Net worth of currency, what people invested in this currency.
2) Circulating Supply - How many coins is in world.
3) Markets - In how many markets you can trade and how easy is to buy them.
So by combining all this numbers you can get the price.
So let's compare 2 coins, Bitcoin and IOTA.
Bitcoin
Market Cap: $230,151,371,790
Circulating Supply: 16,759,612
IOTA
Market Cap: $8,792,738,302
Circulating Supply: 2,779,530,283
So lets count how much IOTA cost now if it manage to get Bitcoin net worth.
230,151,371,790 : 2,779,530,283 = 82
82 x $4 = $332
So this means that If people would start investing like mad to IOTA and market
cap raised to bitcoins price IOTA price would be $300+ But in my opinion it is not possible...
Why? Look at other cryptos old and popular criptos.
Ethereum
Market Cap: $64,597,324,488
Litecoin
Market Cap: $14,515,009,291
So you can see that Litecoin is old, it is basically like Bitcoin, but it cannot pass
$14,515,009,291 net worth
and Etherium have
$64,597,324,488 It is lot but it is still smaller than Bitcoins, nearly 6 times smaller...
So let's look at other coins.
Go in here
https://coinmarketcap.com and click on Circulating Supply you will gonna get all
criptos which have most amount of coins in world. and you will gonna realize that all of that
coins are very cheap, IOTA is at 17 spot. So you will gonna find that IOTA is performing now
best price on all other coins with big circulation...
So by rough counting for IOTA to get to $500, we need to have Bitcoin, Ethereum and Litecoin
Market Cap and This is hell lot of money to invest. In my opinion it is not possible to get like this net worth...
By my understanding IOTA developers made big faulth, they made to many coins...
So if I`m not right please correct me and comment after my post.