DIGITAL ASSETS UPDATE - Kucoin Shares (KCS)
The Crypto Currency markets continue to astound me. I know these are completely new ways of doing business, I know a whole new economy is forming and digital assets are the infrastructure which document all of it. I know $Trillions of dollars will be funneled into the various forms of Digital Assets and currencies as this happens. I know the total market cap for all Digital Assets is currently 'only' $800 billion.
In my initial analysis I mentioned $5.00 as a top target for KCS. That was based on calculating the earnings each KCS received based on the Exchange daily trading volume. Well, in those 11 days, volume has increased 6x. Kucoin Shares are built so they receive a certain % of the fees each day. As volume increases, so do the earnings.
Until the exchange volume stabilizes it will be impossible to accurately anticipate earnings, but based on current stats I expect to see $25/KCS by March. I'm being conservative with this number and assuming KCS moves up to 15-18 in daily volume among exchanges (currently at #24) and the markets as a whole stays below $1 Trillion in that same time frame. There is no telling whether or not reality plays out that way, it could be much much higher. It could also be much lower.
A few other coins which have the sort of income potential, and also explosive growth potential similar to what we've seen in KCS are Rialto (XRL) and Veritaseum (VERI). Both of these projects are indicating major developments are very close and if we finally get a look under the hood and get to see real life examples of this income like we do in Kucoin I expect similar growth.
Buckle up and don't bitch out when you gain 1,000% in a matter of weeks. As hard as it is to believe, this really is your reward for showing up to the game so early. And the game has only just begun...