in realist terms can DeepOnion ever reach a price per onion of more than 500 usd or is that an impossible number to achieve .
To answer that question we need to look into the market cap of DeepOnion and compare it to some of its peers. Today DeepOnion's market cap is $47M with a price per coin of $4.80. For simplicity we'll round $50M market cap and $5 per coin.
For DeepOnion to reach $500 a coin it'd need to have a $5B market cap. Is that realistic? With today's sell-off prices that'd put DeepOnion into the top-10 of market cap coins. I believe this is possible but it's even more possible if we forecast the market health. Let's assume that after this sell-off we have another bull run like we did before, and the entire market cap goes back to its peak in December. At its peak DeepOnion's market cap was $90M so after that we'd need roughly a 50x growth to get to $500 a coin. I don't know if that will happen this year, but with the new TOR wallet integration that allows even Chinese citizens to leverage the benefits of privacy then I think it is.
