Predictions for the end of next month3 May 2021 10:51
It's been a bit quiet on this board over the bank holiday weekend, so i thought i would get a conversation going.
What are peoples predictions for the SP at the end of next month? That will conclude Q2, during which the super app will launch. At present we are valued at more or less the same as when we listed 8 months ago. Therefore, none of the recent developments including BTC price increase, growing user base and merchant arm are factored in.
Coinbase presently has a mcap of $59bn. I cant see us getting anywhere near that, but i would take £1bn, and a 20 bag from today's prices (eventually).
I think the launch of the merchant arm, allied with some notable initial merchants, will give the SP a significant boost. I also think the marketing push will start soon after. What is the point of having a new payment facility if no one knows about it. An aggresive marketing drive will spread the word and could lead to exponential growth.
Users of the merchant arm should far exceed users of MODE for BTC. After all, most people in the UK pay for things online (the target market), whereas a lot less are interested in buying BTC.
If MODE listed in July 2021, with the super app already having been launched, i dont think £50m would be the initial market cap. I would say it would be in the three digits of millions.
The potential here is massive, even if it doesnt take over the world. It doesnt need to. And the OTC listing will wet the appetite of the US market
All imo, but i'm excited for what we will see over the next few months!