One thing we all like to do is speculate on the price of your favorite cryptocurrency. Today, we’ll have a look at Mainframe, a platform for decentralized applications. The network that Mainframe is building functions as a way of sending over data through applications, store files and manage payments. The project has been around for a little more than a year, let’s see where they’re at and what the future holds.
What is Mainframe?
Let me start of with the innovative way of raising money and spreading the awareness surrounding their tokens. Mainframe started marketing their idea on DevCon3 and other conferences while actively spreading their message online. The interested got pretty high and based on the inbound interested they found their hardcap of 30K Ethereum was oversubscribed many times. They found it important to allow any interested investor to have the ability to invest and even beyond that. We all know the traditional ‘airdrop’, basically the company behind a token ‘dropping’ loads of tokens into the wallets of the people. What Mainframe did was a little different. They hosted events in some of the major cities in Asia where they did physical airdrops, literally dropping packets of tokens from the air. This allowed many people to obtain some tokens even though the token generation event was sold out in minutes.
Okay, so what is it that they’re building? Mainframe has created an operating system where you can access decentralized applications. The video above describes best what the mainframe OS has to offer and how you can benefit from it. Mainframe wants to function as the bridging factor between all of these decentralized applications that are currently being built. It has a strong focus on decentralization, getting back the control of your data and having the possibility to cut out the middleman. They have labeled themselves as ‘the messaging layer for the new web’.
Mainframe (MFT) Price Prediction 2018
As this project was officially released in June 2018, there is not that much said about Mainframe in the past. With the bullrun of 2017 fresh in everyone’s memory, this ICO that looked super promising was sparking light in the eyes of many investors. Is this the turning point for the market again? Are we up for another moonshot? Exactly a year ago big Youtubers like Suppoman did reviews on the project and called it ‘one of the biggest projects so far’. We have heard this before, so nothing is that special, but were they actually right?
Overall, the price has went down steadily after a big spike after the ICO. The all time high is $0,024557 USD while the all time low has only recently been marked with the price of $0,000964 USD. That’s a pretty big difference if you ask me. Now, Mainframe is by far the only project that has been going through a downfall in price the past couple of months, relatively they have not even been doing that bad. The current returns on investment are sitting at a respectable 0.26x in USD value, 0.87x in Ethereum value and 0.23x in BTC value since the ICO. Smart investors had sold way ahead of this downfall and could have sold during the all time high that was hit in August 2018. If only we could tell what would happen to our investment, we’d all be rich, right?
Mainframe (MFT) Price Prediction 2020
Looking at next year, 2020, Mainframe has a bright road ahead. Their plans are ambitious and they have recently launched their OS, the core product of their network. Running on this operating systems are several decentralized applications that can be accessed through this platform, where a user creates their online identity to utilize the project. Within this network, the MFT token plays an essential part. The ability to stake MFT tokens in order to verify transactions, stabilize the dapps and increasing the ‘locked’ tokens at the same time are of great value to the project.
At this point we are sitting at a token price of $0.00105 USD for the MFT token in September 2019. We are only a couple of months away from the next year, that could just be a big one for mainframe. They will be actively working on expanding their OS and aim to release a ‘killer dapp’ and increase the functionality of the MFT token within the platform. With all this ahead, we could just see the price rise with it. Now some statistics to go from;
Current marketcap; $9.116.275 USD
Circulating supply; 8.813.451.661 MFT
Total supply; 10.000.000.000 MFT
If we take into consideration that the entire marketcap of all currencies is 267 billion at this point, there is still room to grow for Mainframe. A tokenprice of 1$ would mean that the marketcap for this project would be around $9 billion, which would make it a top-20 project based on the data provided by Coinmarketcap. This is unrealistic at this point as there is no ‘killer dapp’ or any other factor that makes the MFT token better than the other projects within this list of top projects. Until we see real usecases for the token, price will remain low.
Mainframe (MFT) Price Prediction 2021
If we go ahead and jump one year ahead, we arrive in 2021. By then, we probably have the Facebook coin Libra around. Many people discuss this will only bring less privacy towards the industry and is another grab for more and more data by Facebook. That would mean people will start looking for alternatives, more decentralized parties. At that point, Mainframe would come in and start selling their unique values; control of your data, no middleman and complete access to any decentralized application out there.
If we go back and look at the total supply for MFT, 10 billion tokens a value of 1$ for the MFT token is actually possible. When we follow the trends that have been occurring within many financial sectors so far, including the cryptocurrency industry, the entire market cap will grow. We have seen the market cap reach close to one trillion dollars in early 2018, so a higher number than this is more than possible. Mainframe is currently sitting on a slight percentage of the entire market cap, if that stays the same and the market cap itself grows, the value of the MFT token will grow with it. This can be said for many other altcoins, but basing it on the fundamentals for Mainframe, there’s a strong possibility this project might just make up for the current losses for their investors.
Mainframe (MFT) Price Prediction 2025
When we start looking at a prediction that’s further ahead, more than five years in this case, it’s harder to be accurate. Think off anything that has changed in your personal life the past five years, then what technology has brought us the past five years. We have no idea where we are heading and how explosive some of these growth cycles might be. An interesting way of looking at things is with the use of some indicators that are based on historical data.
- If Mainframe has the average YoY growth that the Internet went through by amount of users (in its adoption phase 1995 / march 2017 = $0.0049
- If Mainframe has the average YoY growth that Facebook went through (in its adoption phase 2004 / 2016) = $0.1255
- If Mainframe has the average YoY growth that the Mobile Phone went through (in its adoption phase 1993 / 2013) = $0.0046
In practice, not a single industry or factor is an identical copy of the previous one, but it’s an interesting perspective. If it’s a ‘steady’ growth like the internet or mobile phones have gone through the past years, investors might not see the huge returns that they are looking for. Different story if Mainframe would follow, what can be seen as, their competitor, Facebook. That would mean an increase of more than 100 times. Imagine putting a good amount of money in that bucket, how would you be celebrating that investment?