Adam Jacoby of MiVote (which uses HST) recently announced that with current contracts and discussions, we could see 50 million votes using MiVote/HST in 2018.
Assuming $0.50 per vote, that's $25 million. Average P/E ratio for S&P 500 companies is between 10-20 (higher during hype periods - up to 44 at the height of the dot com bubble). I'd argue the current landscape and with a bit of crypto hype/fever/bubble a P/E of 30 is reasonable. So that would value HS at $750 million with only that revenue, regardless of other deals such as WWF which HST has already announced they are in advanced talks with.
Of course there are other factors that make up the price, such as the velocity of circulation. I see these factors as making my estimate above quite conservative.
A $1,000,000,000 market cap is $30 per HST (with current supply, before burn). Current price is about $1.80
If you have any questions or doubts I'd recommend joining the HST Telegram chat. The community is very engaged and there's always a friendly admin available to answer questions (other than when moon lambo?).
[link] [comments]
from Cryptocurrency news and discussions. http://ift.tt/2oGNOHx
No comments: