Price predictions mainnet launch

Can we talk price predictions based on mainnet launch? What do we all feel the volume will be like after launch and do we think we will see a significant boost like XRP saw last year?

Posted Nov 3, 2018, 12:58 AM UTC

1536
AlxHart•

$0.015

8

deleted ^^^^^^^^^^^^^^^^0.8482 ^^^What ^^^is ^^^this?

7
Alter_ego_of_mine•

3 to 6 months from mainnet $0.25 to $0.50.

3 to 4 dollars by EOY 2020.

5
Mansa_Sekekama•

Could reach $3 in 2019. All depends on China's policies really.

5
Alter_ego_of_mine•

Chinese policies and token velocity slowing mechanisms. The first is a non issue for me. The Chinese will regulate this market before too long.

The second is trickier as thekey founders are giving out the "don't care yet" vibe for now. I'm sure they are not oblivious. They can't be so amateurish. They are waiting for the right time to address it, imo.

The great thing about this space is programmability. With sufficient community push or incentives for the founders, they can totally change token economics to benefit themselves and us alongside them. It's a win-win.

2
Mansa_Sekekama•

I believe you mentioned in a different post(some time ago) a way in which $TKY could be $100 under certain conditions. Could you elaborate on that?

1
Alter_ego_of_mine•

Yes, I see that possible with the right measures implemented. It is all about the number of tokens circulating at any point in time in the future.

With velocity sinks you can more or less effortlessly drive up the token price, if the project's fundemantals are solid. Among others, long-period lockup programs can achieve that. Permanent lockup (token burn) is even more effective of course.

So if network value grows over time or even remains constant, while fewer tokens change hands within the network, you get higher price per token. E.g. Binance has a buyback and burn program which will keep decreasing BNB tokens over the years. Covesting has a similar mechanism. Endor has a long-term lockup once the token is used for a prediction service. Many other projects adopt similar mechanisms.

The main risk for those projects is longevity of their offering. Binance didn't exist 2 years ago and may fade into oblivion in another 2 years, who knows? With a project that has a promising long-term future like Thekey, you can implement token lockups much more confidently and effectively.

If you have 100 million tokens each at $10, you have a network worth $1 bn. Through lockups, if you manage to halve your tokens for instance, the likely -but not precisely- outcome is that the price will be driven up to $20. You can repeat that halving cycle many more times, reducing circulating supply but increasing the price per token, everything else remaining constant.

You cannot do that with every project or token however. There is mad competition in open source blockchain. People can fork your code if you go overboard with the lockup and make it difficult for users to get their hands on the remaining, more scarce, tokens.

That risk doesn't seem to exist for Thekey because it is patent-protected and government-ordained. Also, since the tokens are divisible and the underlying network usage cost is in fiat, you don't get cost inflation either. TKY price may go off the roof without costing anyone using the IDV service more. Others on this subreddit explained this concept much better, I recommend you search and read them.

Unlike TheKey, I find that NEO's current pricing model is all wrong because it is priced in NEO Gas (I believe 500 Gas per contract). So if Gas price jumps up, it becomes very expensive for Dapps to deploy smart contracts on NEO. They would gravitate to competing, cheaper blockchains.

Thankfully, they announced that TKY's business model shall price the IDV service in Yuan. Actually they gave USD-priced examples in the latest AMA but I'm sure that was for the Western audience's ease of reference. So if a KYC service costs a local bank 10 Dollars, and TKY is 1 cent at that moment, the bank needs 1,000 TKY to effect that payment. We assume that will likely happen under the hood without any friction.

If TKY becomes $100 someday thanks to velocity sinks (imagine millions, not billions, of freely circulating tokens), that wouldn't negatively affect their network users (citizens, banks, companies, hospitals, etc.). 0.1 TKY would settle the same KYC service as the token is divisible.

Closing the segway on forking, it will be useless for developers to fork TheKey without the patents or government data access. Similarly, citizens will have no means of jumping ship and using another blockchain-based IDV service either.

In that respect, TheKey satisfies traditional value investors' moat metaphor perfectly. I expect a tsunami of FOMO into TKY once China allows exchanges or TKY goes on a bigger exchange like Binance or Coinbase.

2
montclearman•

Tree fiddy

4
Kingci22•

Loch Ness Monster, is that you?

2
emmyd1968•

Smooth launch 250 - 300 satoshis

3
djminger007•

i agree , that would make it 6x the bottom satoshi's, i dont think measuring in cents is a good idea whilst BTC is still adjusting

2
justin7942163•

Current price is 96 satoshis, how is 250 - 300 6x the current price? Do you mean 3x the current price?

1
djminger007•

oh sorry, i bought at 50 satoshis, so i was talking about from the bottom 6x50=300, i've edited my post ;)

3
Cryptonvestments•

For me.... I think this could get to around .45 cents.....end of January 2019......why........ first off all I think the bull market could kick in after Bakkt is launched on the 12th of December ... further more driving prices of alt coins....2nd.... I believe word will get around that thekey is doing their mainnet launch which will start pumping.... 3rd..... once people see the price gains during mainnet launch, people will FOMO into thekey..... 4th....if China open the gates wide open for its citizens to purchase alts.....game over.......last.... if this ETF is approved on the 29th could assist in sending the price even higher......These are my reasons....I could be wrong.... just as I could be right! I’m HODLING this one..... I truly believe an individual will kick themselves for not grabbing half a mil of these..... we still have time....I do believe this will be life changing!

3
Alter_ego_of_mine•

With a bull market sparkled by Bakkt, Fidelity or VanEck ETF, 210 million citizens doubling in number and Chinese government approved exchanges trading TKY, 0.45 is very conservative imo. Those factors all coming together may push TKY above 1 USD by EOY 2019.

2
CosmicPanda05•

...

1
djminger007•

tax season you expect there to be a bull run? lol every tax season there has been a plunge and generally now due tom American changes id expect even more of a drop

1
Cryptonvestments•

I understand what your saying but this might be a different tax being that Wall Street is getting involved! Lol. Either way.. if the price drops..... good for us! Just grab more while the blood is in the streets! If the price continue to climb... just ride the wave and take profits.....either way we still win!!!!!!🤨🤔😁

2
djminger007•

Yes either way we still win. But institutional money wont want to buy so all the ones at the top can cash out, they'll want to see blood in the streets too before they buy even if they do. After all this time i've been in the space, i think possibly there wont be a bull run on the alts like people think, at the beginning of 2018 Alts were going off randomly at a time, its only been end of last year that everything surged at the same time because of the massive ICO cash out, with mostly being scams praying on the noobs. I've been predicting mid June/July for BTC to start the markets going properly as usually is a bear market for two years and then there is the BTC halving which is 2020 traditionally the massive bull run comes a year after the halving. But who knows this is crypto right?

2
goinghometonight•

Not going to be like xrp.. stop dreaming... Chinese New Year is mid to late Feb.. so don’t expect much after mainnet until spring... this is time to accumulate for long term...

2†
ChronicUrges•

Social Security Payments, Helathcare, and more I am not aware of, do not stop during the Chinese New Year. Peaople still need their money and health no matter what time of the year. TKY will be running 24/7 365

5
goinghometonight•

What I mean is that the company itself will probably be off during that time... for Chinese New Year... not TKY stop being used.. but u r correct..

2
runewizard8OP•

So if not like XRP, what's your long term price point? And what time frame do you expect that in?

1
goinghometonight•

I want to see the mainnet released.. which will add confidence with current investor.. and the market.. then I would need to now what their next steps are.. my feeling is that they have already planned out ahead.. but I am curious what it is and how fast they intend to accomplish.. the good thing is in China, things can move fast.. add in a bitcoin etf and China opening to crypto a bit more.. then this can certainly get to a buck..

With mainnet I think this can get back to minimum ico price..

3
[deleted]•

[deleted]

1
virtualmanno1•

Nobody knows the price, even though Catherine.

I think that it depends on Chinese government.

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2
Onepunter•

Where do you get this idea from? The market will determine the price.

2
E_Anonymous•

Wasn’t XRP on their own mainnet long before they mooned? That was a horrible bubble though.

2
djminger007•

Well actually it mooned twice. Once in satoshis very early on last year, and then another giant moon in the bubble of 2017, there was a lot of fud in between those two moons regarding the amount of tokens they had, then they reacted by putting them in escrow and the second moon happened when BTC went mental .

1
wilikoki•

Depends on what the market is like bull or bear. A lot of mainnet launches these past few months have impacted very little.

1
darellc•

Is the key Twitter page coming up user not found for anyone else?

0
poloeil•

Yes, I brought it up here and they answered. Look at older threads and you will see their answer.

4
[deleted]•

[removed]

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nebra1•

My magic ball says...........milk!

0
janhenriksson65•

Haha yes and honey...

-1
wave24k•

How bout ya do some research and stop trying to find short cuts ; )

-5†
runewizard8OP•

Could u elaborate..

4