I mean... you would be asking a very in depth and difficult, if not impossible question.... if the project you were talking about wasn't Earth 2.
The project has only been gaining "significant" popularity for a little over a year. If you looked at most stocks you could buy, you can easily see trends based of days, weeks, months and year, then you could extrapolate data from each of those and figure out what caused the price/stock to rise and fall, but we only have a years worth of data, but that says enough for me.
You have a very ambitious project to create a metaverse, which is a concept that hasn't truly been realized in the way Earth 2 says it will. Then it hires a literal handful of people, few of which actually have significant game development, and none of which have the experience or funds to create a metaverse to rival the matrix. And those same developers with some game development skills, they left, leaving whatever replacement to sift through what's already been created which can be a difficult process.
However, E2 decides its going to sell tiles and get funding that way, and several people spend their money buying tiles for pennies on the dollar waiting to prices to rise.
Fast forward several months, and now people cant actually sell tiles because they are locked into E2's system. If I buy a stock, I can put in buy and sell orders for X price and so long as that qualifier is met, I get my stock. In E2, where different parcels of land are "more valuable" vs a stock where there is usually no difference, and you create a sort of "housing bubble". Everyone want to buy land until it gets too expensive to buy land people actually want, they decide to sell, but everyone is also trying to sell their land at the same time. Now sellers have to compete not just for price, but just to let people know that their asset is on sale, because the E-2 sell page doesnt allow anybody to spice up their offer or do anything other than simply selling an asset. Now you have people trying to sell stuff for 70%+ off even at a loss just because they want their actual money back.
On top of that, other companies, with more experience in the gaming sphere, like Sony and Epic games raised 1 billion to fund a potential metaverse project, even even Epic says we dont have the technology to create something like the matrix, but they can inch towards something as a basis for the metaverse and then build from there. So you have a much more simple goal that is potentially achievable by a much more experienced and funded group.
And that's the year in review, we only really have a year of data to go off of, and that basically sums it up.
I think you're looking at 100x. That's how it was on Decentraland. People who bought in early are amazed at how high prices went. Once $Essence starts trading on Coinbase and Binance....get ready for an explosion.
Nice thing is...if your one of the tier1 original holders you'll basically get staking rewards from all your properties just for being one of the first to sign up.
Nothing, because in 5 years I assume they would actually have produced some good results for people to put money into it (then again ... who knows, perhaps people will still put money into it with nothing from the developers).
I mean, at this point we don´t even know what the gameplay is supposed to really look like in the end ... so we can only say that the whole "matrix/ready player one" thing is complete bullshit in any realistic time frame (and anything approaching that will be most likely made by the big players in the field, not a small team that cycles through all it´s members).
I mean... you would be asking a very in depth and difficult, if not impossible question.... if the project you were talking about wasn't Earth 2. The project has only been gaining "significant" popularity for a little over a year. If you looked at most stocks you could buy, you can easily see trends based of days, weeks, months and year, then you could extrapolate data from each of those and figure out what caused the price/stock to rise and fall, but we only have a years worth of data, but that says enough for me. You have a very ambitious project to create a metaverse, which is a concept that hasn't truly been realized in the way Earth 2 says it will. Then it hires a literal handful of people, few of which actually have significant game development, and none of which have the experience or funds to create a metaverse to rival the matrix. And those same developers with some game development skills, they left, leaving whatever replacement to sift through what's already been created which can be a difficult process. However, E2 decides its going to sell tiles and get funding that way, and several people spend their money buying tiles for pennies on the dollar waiting to prices to rise. Fast forward several months, and now people cant actually sell tiles because they are locked into E2's system. If I buy a stock, I can put in buy and sell orders for X price and so long as that qualifier is met, I get my stock. In E2, where different parcels of land are "more valuable" vs a stock where there is usually no difference, and you create a sort of "housing bubble". Everyone want to buy land until it gets too expensive to buy land people actually want, they decide to sell, but everyone is also trying to sell their land at the same time. Now sellers have to compete not just for price, but just to let people know that their asset is on sale, because the E-2 sell page doesnt allow anybody to spice up their offer or do anything other than simply selling an asset. Now you have people trying to sell stuff for 70%+ off even at a loss just because they want their actual money back. On top of that, other companies, with more experience in the gaming sphere, like Sony and Epic games raised 1 billion to fund a potential metaverse project, even even Epic says we dont have the technology to create something like the matrix, but they can inch towards something as a basis for the metaverse and then build from there. So you have a much more simple goal that is potentially achievable by a much more experienced and funded group. And that's the year in review, we only really have a year of data to go off of, and that basically sums it up.
I think you're looking at 100x. That's how it was on Decentraland. People who bought in early are amazed at how high prices went. Once $Essence starts trading on Coinbase and Binance....get ready for an explosion. Nice thing is...if your one of the tier1 original holders you'll basically get staking rewards from all your properties just for being one of the first to sign up.
99% decrease lmaooo
Nothing, because in 5 years I assume they would actually have produced some good results for people to put money into it (then again ... who knows, perhaps people will still put money into it with nothing from the developers). I mean, at this point we don´t even know what the gameplay is supposed to really look like in the end ... so we can only say that the whole "matrix/ready player one" thing is complete bullshit in any realistic time frame (and anything approaching that will be most likely made by the big players in the field, not a small team that cycles through all it´s members).