It is easy to make wild claims and then go silent. We see this all the time.
Well, silence doesn't really suit me but wild predictions do. So, here is my claim:
We will see $100 xPOLYCUB.
Of course, it is easy to think that I am just jumping on the bandwagon now. The reality is this forecast is nothing new for me. It is a prediction I made some time back and I still stand by it.
In fact, it is more likely to come to fruition than ever before.
Why $100 xPOLYCUB?
To answer this question, we have to look at some of the reasoning in the past.
In an article back in March, we see the main premise is two-fold:
- the xPC/PC ratio would keep increasing
- the emission of POLYCUB would keep decreasing
Here is what the ratio looked like at that time:
Here is what it looks like today:
We are just shy of a doubling since the above referenced article was written. This means that it takes about much lower POLYCUB price to reach $100.
Under the previous scenario, it would have required a POLYCUB price of $8.11 to equate to $100 xPC. Today it is $4.34.
Of course, this will keep going up.
Bonding And Collateralization
In a second article that also maintained the $100 xPOLYCUB price, we saw the mention of bonding and collateralization. These are two features destined to be added to the platform, ones we are still awaiting.
Without going into too much detail, here is what was mentioned about bonding and why it is important:
Essentially the protocol is buying the liquidity in a LP. So in this instance, people will bond their LP stake for a discount of POLYCUB. Hence, the person can collect the POLYCUB after a certain period of time (say 5 days) and have an instant profit. This can be rolled into more LP or whatever the person wants to do with the proceeds. Thus it is a way to make a quick 5% or 10% on one's money.
Having permanent liquidity is vital. So is having ongoing buy side support. As the protocol (Treasury) gains a return, it will keep buying POLYCUB on the open market.
Now it has to do so for vexPOLYCUB.
vexPOLYCUB Locking Up
By now, most heard the announcement of vexPOLYCUB. This is another layer in the Polycub ecosystem that is going to make it stand out.
As of this moment, here is what is locked in the vexPOLYCUB vault:
When we take that and multiply it by the ratio, we get more than 1.8 million POLYCUB that is now locked up for 2 years. This is not going to hit the market until 2024. Let that sink in for a moment.
Of course, there are a couple of other factors to consider:
- according to Polyscan, there is only 6.75 million POLYCUB in existence.
- the Treasury is going to keep feeding POLYCUB into the vexPOLYCUB vault at a rate of 20% USD per year.
Therefore, the amount of POLYCUB that will be directed to the vexPOLYCUB vault will not decrease, only increase.
We will see less POLYCUB on the market as a result of this.
It would be remiss to omit the emission rate of .25 POLYCUB per block. Back when the original post was made, we were looking at 2 or 3 per block.
In a few weeks, we will see this drop to .125 and then .0625.
Do you see how this is going to make things very scare.
Protocol Start Buying
There will come a point when the protocol is going to have to start buying POLYCUB. When this happens, we are going to see some push to acquire it since it needs to be fed to other parts of the platform.
In bridging fees, there was more than $4,000 raised last month. We are going to see a similar number this one.
When the amount of POLYCUB being emitted gets miniscule, it will not take a lot of buy side pressure to push it up.
Four months already passed since the original forecast of $100 xPOLYCUB. What do you think things will look like in another 4 months?
One thing we do know, the emission rate will be .015 per block, more than 90% less than it is now.
To provide some contrast, right now there are roughly 10,800 POLYCUB issued per day. In 4 months time, that number will be 648.
Things are going to get very scarce before long.
Put all this together and we can see how there is a large amount of upside with Polycub. The forecast from back in March still stands.
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Given enough time for sure it will reach $100
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The system is being set up to reach much higher levels.
Might be one of the best defi projects out there.
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Hmm, I just realized I could have used a few more links to the glossary in my latest post. But sometimes too many links can be detrimental. There needs to be enough text too, to justify them. I'm reflecting here on my own ratio of links per regular text.
Not really at all.
Look at this write up about Alan Alda in wikipedia. There are 24 links to Wikipedia in the first tab.
Make sure you arent duplicating too much in the same post. For example, do not like price each time you use price. I would do it once. But every term that can be linked, do it.
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Yep, I stopped adding double links a while ago, unless maybe if I have very few links in the post (which hasn't happened in a while) and maybe with a slightly different text the second one.
I think it will reach $100 eventually but I think the inflation be halved each month. So the amount of xPolyCUB will also drop over time and I think VexPolyCUB has a fixed 20% APR right? Won't this also have an effect on prices?
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Yes both should send prices up. There is no way to do the math otherwise.
It is just a matter of time.
A few more halvings will reduce the PC created.
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My mind has not changed about polycub and that is why I keep investing every penny I have
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Mine hasnt either as evidenced by this post.
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I moved 25% of my xpolycub in to long term staking, should be interesting.
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I did 100%. In for a penny in for a nickel (or whatever the saying is).
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Polycub is looking good so far. It's very interesting to be part of the new becoming alternative investing/ defi options that are before us. Grow grow grow! Time will tell. We shall see how this experiment plays out! $100 as yu predict would be cool for sure!! :)
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It is a huge opportunity if it works out. Only time will tell. It does seem to have a source of revenue which is important.
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STOPWhile I'm not confident enough to make price predictions as of yet, I do believe in the longterm viability of the underlying POLYCUB token. I believe that capping the supply (I think around 7.2M total) ultimately will have a similar effect to POLYCUB as has been witnessed with scarce cryptocurrencies such as Bitcoin, Monero, DASH, and ZeroCash. Limiting supply ultimately leads to an epic supply shock, at some point.
Much like with how one day, people will wake up and realize that there are less than 4M out of the total 21M BTC that are liquid on exchanges in the entire world, and that there are more than 2M BTC that are lost to misplaced wallet phrases and passwords, meaning that the entire supply of BTC can only reach around 19M that can be accessed by anyone, furthering the supply shock narrative.
Like BTC, POLYCUB was designed to be an extremely-scarce DeFi asset. Capping the supply at ~7.2M (and 6,760,608 being in circulation right now), decreasing block reward every month, and the new POLYCUB being added to the supply is already being scooped up by the DAO and being hodled longer-term, it's a recipe for creating a long-term focused DeFi product - something I haven't seen before.
Everything up til this point has been so short-term focused that it's been hard for me to get behind a lot of products and protocols that people have created in the cryptocurrency and blockchain space.
Hive has a years-long track record to verify and validate. $HIVE has been in a brutal bear market for a while, but, like all bad things, that will end, there will be a reversal, and $HIVE will re-enter a bull market, and $HBD will adjust accordingly, which makes it an already-more-superior product to UST ever was, even at its peak.
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While I love the optimism and logic behind this I also think that Polycub needs to address some core issues before achieving significant growth.
First and foremost the UI needs an overhaul badly. I said this a million times but I don't mind repeating myself - the main page looks like every single scam farm website on the Binance chain and people immediately associate it with a scam.
If we are to offer the same services as "mainstream" projects we should at least try and stay competitive. For example, look at Klima DAO and compare it to Polycub. If you were a newbie investor which one would you choose based on looks only? The irony here is that Polycub has far better tokenomics and long-term outlook.
Maybe everyone is stuck in the "build it and they will come mentality" but that's not how you get users in crypto. Speaking of users I just checked and the holder numbers seem to be down 30-40% compared to the first part of 2022. The good thing is that the 250 we have seem to be very active so that's a plus I guess.
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LOTS OF ROOM TO GROW
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The circulating supply will get ridiculously low because of the VeXPolycub vault success. My only worry is that the protocol can't generate enough yield to keep up with the 20% APR (21.939% APY) of the vault and still have enough to pay decent yields to farmers. Hopefully, the price appreciation will be enough to keep farmers motivated and APY's healthy.
I just did the math for how much polycub will get locked over the next 23 months and it will amount to more than 50% of the TOTAL supply, mind blowing! The community is really bullish on Polycub long-term success.
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Thank you for detailed explaination of how X-PolyCub could reach much higher prices. These new developments here are amazing.
Question?
Will the ratio of X-Polycub to Vex Polycub change?
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