Just an Idea on Market Cap

2021年3月19日

Using current supply of chainlink (413009556 LINK tokens):

a 20 billion market cap (USD) would make a $48 USD LINK token, (Similar market cap to current XRP)
a 30 billion M.C. would make a $72 USD LINK token, (Similar market cap to current DOT)
a 40 billion M.C. would make a $96 USD LINK token, (Similar market cap to current USDT, ADA, BNB)
a 200 billion M.C. would make a $484 USD LINK token, (Similar market cap to current ETH)
a 1 Trillion M.C. would make a $2421 USD LINK token, (Similar market cap to current BTC)

IMO, i dont see LINK surpassing BTC or ETH market cap this year... However I do see the potential for a 20-30 billion market cap this cycle. Which could put LINK at the $48 to $72 USD price range. (using current market cap)..., with a 100 million token supply increase (this year) to the circulation of LINK we could see a 20% decrease from these estimates (Price range of $38-$58 USD) {Just for perspective, not saying a 100 million gradual dump of LINK into the market is certain to happen, but it should be considered especially because smart contracts have been dumping their tokens into the markets with increasing volume (4million OCT, 4million NOV, 4million DEC, 5.5 million JAN, (most likely 5.5 this month with incentive to increase each consecutive month e.g. 6mil (APR, MAY, 7mil (JUNE, JUL) etc etc), and approx. 30million was dumped in total last year). This will slow down as the smart contracts runs out of supply. However the White Papers for LINK do not specify the dumping of their tokens into the market and there could be a whale of a dumpage at any time during the markets. The dumping of tokens into the market will keep fees lower and increase interest in financial institutes, hence increasing overall market supply (kinda a paradox in a way, needs balance).

Overall, I'd be watching the supply and how much it is effecting the price of LINK short term, but overall this thing can be a beast.