Namecoin has been underappreciated for far too long. When you look at the statistics, it's dumbfounding why it isn't valued 100x higher. I think it's the result of several unique market factors like merged mining causing constant dumping by pools, lack of advertising, prior performance assumed to be future performance, and lots of undeveloped potential.
I would add the ethereum,Dao/ICO mania didn't help and took the lime light.
the average investor in crypto ups their IQ a bit
Says a lot about the average investor/crypto space doesn't it
It was recently rated the #60 crypto coin by an independent rating team and if it were to realize that position as a market cap, it would be trading at $200 per coin.
That's interesting they gave it a rating where it would trade at $200 because a lot of the crypto space likes to compare their chain with the other, But I like to compare it to the actual industry it's targeting for example according to Datanyze both Godaddy and Cloudfare seem to have in total around 2/3 of the DNS market share.
Godaddy & Cloudfare's companies worth totals around $55 billion. If Namecoin was to take just 10% of that share i.e 5.5 billion divided by the supply would give us around $261 a coin.
Jokes aside $200 is a very conservative price and $2000 wouldn't be unrealistic either. If Namecoin was to takeover the market share of those two companies, then we would just need to 10x with a price of over $2600. Also even if Bitcoin went to $200,000 and Namecoin at $2000 we would still have a respectable satoshi price of 0.01.
Bear in mind I haven't factored in the remaining 1/3 market share which consisted of Amazon, Google etc.
