Viewing a response to: @sheldonassad/veritaseum-is-a-10-bagger-in-two-weeks-what-s-next
The 5:1 VERI ETH ratio is going to collapse. Right now Veritaseum is going for 5:1 of ETH which implies a market cap of 5 BILLION USD?!!! That's insane. The ICO only raised 12 million USD. Even a 40:1 ratio with ETH implies a market cap of 650million USD which is not going to happen right away. Only 30 million tokens were sold during the ICO period and there are 70 million more reserved for institutional use. I think VERI is going to dive to 100:1 and then recover to about 40:1 this summer. Once VERI hit's bigger exchanges alot of those 30 million tokens will come flooding in and depress the price...let alone when the other 70 million tokens come into the market.
| author | ethancaine |
|---|---|
| permlink | re-sheldonassad-veritaseum-is-a-10-bagger-in-two-weeks-what-s-next-20170609t082551256z |
| category | cryptocurrency |
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Definitely a theory. However In the Fairly Accurate Webbots Reports by Clif High. Suggest Eth is going to 1300 usd and Veritaseum will be close behind Eth. It suggests a much closer ration then what you propose. I see your point. It's really to earlier to tell. There is a wall of money starting to look at the crypto market. Personally I think we are just getting started on a massive Third wave in elliot wave theory. Each to their own though.
| author | sheldonassad |
|---|---|
| permlink | re-ethancaine-re-sheldonassad-veritaseum-is-a-10-bagger-in-two-weeks-what-s-next-20170609t205156463z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| created | 2017-06-09 20:51:51 |
| last_update | 2017-06-09 20:51:51 |
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| root_title | "Veritaseum is a 10 BAGGER in TWO WEEKS. WHAT"S NEXT???" |
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| ethancaine | 0 | 30,914,476,850 | 100% | ||
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