What If You Invested $1000 In Ergo TODAY?

What If You Invested $1000 In Ergo TODAY?

ahhh another one of these fun “what if” videos, in this video I want to introduce you to Ergo and what could happen if you invested $1000 today.

Video Mentioned: Ergo Explained (What is $ERG?)

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What If You Invested $1000 In Cardano TODAY?

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-- In This Video --

So with my $1000 invested, I would have 82 Ergo.. now let’s see where this investment could go. First, keep in mind that the market cap is just over 1/3 of a billion dollars and this project is still very small when compared to other cryptos. Funny enough the CEO Of Cardano Charles Hoskinson mentioned how he thinks Ergo deserves to be a top 50 coin… meaning a much higher market cap compared to its 122nd ranking right now.

Now before we look at the upside I want to look at the downsides, let’s say a couple days go by after we acquire our Ergo and the price drops back down to the monthly low of $3.48… where would this put our initial $1000 to? Well luckily we didn’t lose any Ergo and we still have the 82 we bought which are now worth $285. So we are down over 70% just by the price going back down to a monthly low.

But of course, we also have to look at the upside, and also keep in mind that if the price has been over $20 before it would be kind of silly to sell at $3 when we are already down 70% so long as the project is still up and running.

Now let’s take a crazy upside look and compare Ergo to something in its own class, Chainlink. Both of these cryptos have their own Oracle pools and that is why I’m going to be using Chainlink’s market cap as a guideline to see what our $1000 would look like if Ergo were to grow as big as Chainlink. Keep in mind this is all just speculation and being shown to you for fun, a lot of these price points could take years to come if they do at all.

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not financial advice. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise with a professional before making your own investments. Links in the description are typically affiliate links.

#ergo #crypto #investing #altcoins #cardano

[mikeymclachlan]

It's also a good thing to note that the all time high in 2017 only had a 24hr trade volume of $9k. Great video. I'm longing or ERGO. It's going places!

[gildpp]

Looking to investing in ERGO, but yea, should be waiting for more dips. What are your thoughts on COTI though?