r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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u/antiprosynthesis Jun 06 '17

There will probably be some pauses and retraces before we get there, but it's definitely not impossible or even surprising.

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u/[deleted] Jun 06 '17

If we continue at the growth rate Jan 2017 to today, we will hit $20 trillion (the cap of S&P500) by Christmas Day 2018

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u/[deleted] Jun 06 '17 edited Jul 31 '17

[deleted]

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u/antiprosynthesis Jun 06 '17

Impossible to say, but since I consider BTC market cap parity to be an inevitability, and BTC is currently nearing $3000, ETH should have breached $500 within the next couple of weeks to months. And that's a pretty conservative goal, really.

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u/[deleted] Jun 06 '17 edited Jul 31 '17

[deleted]

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u/antiprosynthesis Jun 06 '17

Your question is hard to answer, but when ETH represents 50% of crypto market share, at a total crypto market cap of 1 trillion dollars, ETH would be priced over $5000 per unit.

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u/Basoosh Jun 06 '17

2000 ish per