This actually already happened a few days ago (and Ripple currently still is no 1) if we take the total supply into account. Founders own a ridiculous high percentage of coins, 60-70%.
Makes this Ripple bubble even more absurd.
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The entire crypto market has grown massively lately.
I remember MAID having a cap of as little as 6 million (weâve come a long way, havenât we?) and still being a top ten coin.
Now a market cap of six million doesnât even grant you a place in the top 100.
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Absolutely, Iâm happy we see a steady climb up for MAID. All these pump and dumps should be short term noise, market wonât stay irrational forever. Even doge has overtaken us now 
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100m doesnât even get you in the top 20 either! All a bit nuts, imo.
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If anyone remembers the beginning of the current stock bubble after QE was implemented, this has a certain reminiscence to it. Crap, high beta stocks took off first and then the quality juggernauts slowly overtook them over a period of years. Although to be fair we are now in a zone where stock prices donât make sense either. If you ask my humble opinion, MAID is close to reasonably priced, but there is a lot of stuff out there that has no anchor in reality.
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Thats true but they are locking 55 billion away for 10 years in escrow and will then continue to cycle smaller amounts through ten year periods.
We can comfort ourselves with 4.3 billion Safecoin at just overy 30c 1.4Billion⌠the big boys club 
but obviously thatâs nonsensical and just for fun.
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But Safecoins have the natural properties of cash, and it beats every cryptocurrency out there because its simple design does really marry the properties of cash (fungibility, anonymity, instant transaction, zero costs)
You left out one important factor that makes most people use legel tender, that is price stability. Economies like australia have very low inflation rates p.a. making it ok to hold. With safecoin you know it will fluctuate drastically like bitcoin does, and this makes it useless as a form of cash unless you convert it into fiat instantly when receiving payments for goods and services. zero fees mean nothing when the coin goes up or down 5% in a week. I am invested but realistic, i know once released we will see exponential growth, maybe even surpassing bitcoin. But the coin has no price stabilizing mechanism which leaves room for other coins with such mechanisms to gain large market share.
I am not sure it will fluctuate so drastically.
I think the first year or so will be epic.
But then, coin recycling will provide stability, and donât forget safe is monetizing a super abundant ressource (storage). If idle storage is provided in very very big quantity, the coin will stabilize to a supply/demand ratio benched by a commodity that is quite stable in terms of price ($/gb)
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Omni Explorer - The block explorer for Omni Token, Tether, USDT, MaidSafe and Omni Layer Tokens / Cryptocurrencies (smart property usage)
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I consider this a consolidation into a clearly defined trading range where I expect the price to remain until there is significant progress such as the release of Alpha 3 or Beta. This is not a âpump and dump.â
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Agree, wasnât referring to MAID with the pump and dump, thereâs a lot of other coins just being propped up for no reason over the last couple of months.
I agree. And I commiserate with @drehb about mostly holding coins that have ⌠successfully resisted their own pumps so far 
The good news as I see it, though, is that, assuming there isnât a HUGE collapse of the crypto market (which I donât see as likelyâa correction, yes, but we just donât have the conditions yet for a full-scale draw-back)âthe good news is that as folks become more familiar with these projects, more and more of the dumb money will become smarter and the profits from projects that have pumped unrealistically will start to be funneled into high-quality projects like MAID.
Basically: I think the space will continue to grow (bumpily, but grow nonetheless), and over time, value will filter into projects that actually offer something substantial. And within reason, the more money thatâs in the space, the more those worthy projects will âpumpâ in their own, more-justified way.
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Up to 35c⌠but down to 18th 
Crypto is getting kinda crazy. Iâve wanted and expected a serious explosion in crypto for a long time, but itâs still a surprise to see it actually start to happen.
Looks like XRP might have had its dead cat bounce and is beginning the long drop back to reality. I hate to think how many innocent noobs could lose a chunk of their savings on it. I hope it doesnât give crypto a bad name and put a load of people off the âreal dealâ disruptors. A part of me wants it to hold around $10bn even though I hate centralised projects.
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SIA taking Maid in terms of mkt cap is really bad since they are direct competitors.
Safe net will be so much more though.
I find myself wondering why maidsafecoin is being overlooked, but I canât say it changes my mind. Maidsafe are making good progress and that is a great reassurance.
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Is market cap a valid data point with such a large percentage of these coins being held in reserve after a pre-mine?
Manipulated Market Caps
This brings me to another point. The market caps on a lot of these altcoins are hugely manipulated. Consider one of the original manipulated altcoins: Ripple. They premined all the coins! That is, they created all Ripples beforehand and only released them to the public a bit at a time.
Thereâs a huge amount of Ripples that are being held in reserve so that the actual float (that is, amount available to the public to trade) remains relatively small. Many premined coins do the exact same thing to manipulate not just price but their market caps. Only a small portion of the coins actually are traded while a big reserve sits on the side owned by their creators to keep the market cap of the coins high.
This isnât anything new and in the stock market, stocks that play float manipulation games generally become juicy targets for short-sellers. Altcoins like Gnosis, for example only floated 5% of their coins, so ask yourself, how much of Gnosisâs $115M market cap as of this writing is real?
If that isnât confusing enough, also consider that many of these Altcoins are actually subcoins of Ethereum and much of the market cap may be double-counted.
Thought Experiment
If that last section was too confusing, consider this thought experiment. Suppose I make a new coin tomorrow called FoolCoin. I premine the whole thing (100,000,000 coins) and only make 10 coins available. Perhaps I create a marketing campaign and even get enough people to desire the coin that Poloniex lists it. I sell just 1 of the coins for $10. FoolCoin now has a $1 Billion market cap. The next coin, I sell for $11 and now FoolCoin has a $1.1 Billion market cap. If thereâs enough demand, I eventually end up selling the other 8 coins for $20 each at which point, FoolCoin now has a $2 Billion market cap.
Iâve just added $2 Billion dollars to the cryptocurrency market cap and have reduced Bitcoin dominance by a few percentage points. But did I really take anything out of bitcoin other than perhaps a few hundred dollars worth?
Why The Bitcoin Dominance Index Is Deceiving | by Jimmy Song | Medium
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I can think of a few main factors weighing on MAID:
- lack of a functional product (not that this has stopped other ICO coins)
- uncertainty about dilution / inflation rate once farming starts
- people donât understand that it is more than a cloud to store your files in
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I think the reason is even simpler - a few very big bag holders from the problemmatic ico dump every rally. Maid price has increased by the same percentage as Btc has in the last year. Whenever it (Maid) starts to exceed it, they dump. I have some of my position on margin, so this equation is pretty clear. This price action dissuades many traders from trading it. Only the long term investors buy it. The rest stay away. Too much other gratifying price action out there - like every other Crypto on PoloâŚ!! The Btc rise is pretty awesome but the crypto of rise of the past months is absolutely spectacular. It will take some major news on Maid to overwhelm the big Maid bagholders who seem to prefer unloading into any rally to convert to Btc or other cryptos.
Thatâs my theory. Given the sometimes indiscriminate rise of many other projects 10, 20,30, 50X in recent months, I donât think fundamentals, or what stage in development matters so much as just owning a piece of these new companies for the new money entering the space. To my mind, there is no other reason Maid should be falling in market cap right now. It should at least be keeping up or enjoying a nice pump or two periodically with all the rest.
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I totally agree that a lot of bagholders are dumping it above ICO price whenever they have the occasion.
Real money takes this dump and cold store the MAIDs.
This will continue until there is a shortage.
Itâs exactly what happen with XRP-
People thought there was much more coin in circulation, until some positive news sparked a rally which then triggered a squeeze when everybody realized that ripple lab was not selling, and actually was about to lock out the supply in escrow. Add the fact that there was a cognitive dissonance on ripple with bitcoiners calling it a scam for years, when reality of bank adoptions eventually knocked at the door. Same will happen to maid, the cognitive dissonance is real, people call it vaporware. reality should knock at the door soon hopefully.
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I think that inflation rate is going to be crucial.
if inflation is large, honestly it would be unfair to all the hardcore fans who have pushed this project for years in the shadow. If people, who have accumulated for years, get their stake smashed in a few months by some opportunistic Chinese farmer it will create an outrage in the community.
Farming and inflation must to be executed with the community in mind.
On top of that low inflation will boost the price and contribute to the hype when the network is live.
Everyone will be happy if coin fractions are distributed sparsely and evenly for a high price, because it will make their stake appreciate.
Rapid surge and high prices is also a fantastic piece of free advertising and will help quick adoption & curiosity early, when we need it the most.
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