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RE: Ethereum Classic (ETC) Valuation: $0.71 Price, 65% Lower (Fixed Version + Updates)
Good analysis. If anything you're being generous to ETC. I believe the long term market cap will be under 10 million. Consider the fact that Bitshares has a market cap of 13 million and has created a whole new coin with developer support. It was the basis for Steem itself.
No. In the mid to long term ETC should fall even lower.
Going into, I expected a $10 million market cap or lower. Another way of looking at value is just to look at comps and what does it mean to be a subscale altcoin? It usually means goblin town. And in this case, ETC is arguably an ALT of an ALT, 2 different very difficult critical mass barriers to overcome.
But I kept an open mind and followed my process and used the current information from the markets and the hash rates to guide the process. We'll see who is right. It's right now trading at my model's estimate of the Silbert price. Maybe it stays there if he's right?
We'll see!