My point was more the "Hive made it" and is now one of the say, top 20, currencies in crypto.
Looks like you haven't done the math on this.
The numbers are insane.
- There are 423,526,510 HIVE
- A token price of $10 is $4.24B market cap.
- This gets us to rank #25 if the market stands still.
- If the larger market goes 10x it only gets us to rank #170.
- If the larger market goes 5x to our 30x that gets us to rank #105.
- If they go 5x Hive has to go x201 to $67.28 per coin to flip Shiba Inu at rank #20.
See how batshit insane things could get with real adoption?
Even $100 Hive is not out of the question (this would be very bad for stability & user retention).
Basically what I was thinking while reading it. $HIVE at $10 would probably mean a top 100 CMC * if * lucky. People barely would notice us while the average Joe in here will be rolling like a... Well, like a crypto-bro. XD
Why bad for user retention?
Because that kind of FOMO would basically send 80% of our new users to the poor house and they'd full on rage quit. The easiest path for an x200 is clearly a flywheel with HBD. Basically the same shit that happened with TERRA/LUNA except we'd crash 95%-99% instead of crashing to zero and HBD would break the peg down to something like 50 cents with the debt ratio towering above the 30% haircut at 60%.
Basically getting x20 adoption on HBD can spike Hive price x200 and put us in a very bad spot. Our only recourse in this situation would be to beg top-20 witnesses to rug-pull HBD yield down to 0-1% in order to flush out that capital and pop the bubble early... but it might be hard to get consensus for that when everyone is riding high on the bull market and feeling invincible.