I Will Buy A Lambo With My Dragon Coins

This is going to be a fun article as I am going to go on a limb and speculate on the price of DRG when it gets listed on the exchanges. I do not work for Dragon and I am only an enthusiastic holder of DRG who want to see my investment grow leaps and bounds. So it is exciting to imagine the kind of returns with my holdings of DRG. I am already imaging myself in my Lambo, all decked out in Dragon decals, racing towards the Dragon Pearl.

I have been following the Dragon telegram group https://t.me/DragonOfficialENG and reading all the articles written about Dragon, their business model and plans as well as the Dragon Coin. There are many enthusiastic Dragon investors and everyone must be anticipating the price of DRG as the listing on the exchanges will be happening this month.

What will happen this month is the launching of Dragon junket in South Korea and Macau, the listing of DRG on the exchanges before the DRG ICO in February. 

So what will be the price of DRG on the exchange?

DRG was sold at about $1 to the pre-sales investors and subsequently at $2 to the pre-ICO investors. With a circulating supply of 35million DRG, the total market cap of DRG will be $70million USD if it gets listed at $2.

But what would be a similar ICO that we can benchmark DRG? I am looking at FunFair. While FunFair is using blockchain to disrupt the online casino and not junket gaming, it is the closest we can find among all the ICOs. 

When FunFair was initially listed, it was $0.012 and it traded up 10 folds to currently $0.188. It has a market cap of $800million USD. 

Assuming that DRG has a similar market cap as FunFair, we should see DRG priced at $800million/35million DRG = $22.85 USD.

This is the baseline price of DRG that I am anticipating. And with a monthly burning of DRG until it hits 21million coins, whereby 40% of the circulating DRG gets burned, the eventual price of DRG will be $800million/21million DRG = $38.095 USD.

This calculation has not factor in the growing junket business and the fact that Dragon will be signing up more junket operators in 2018 from the current 4. With more and more junket operators who will be buying up DRG for their business operations to facilitate gaming credits for VIP gamblers, we will start seeing more and more demand for DRG in 2018. 

It is exciting just to imagine what will be the eventual price of DRG and how this will boost my portfolio of crypto investment. I imagine my little pot of  DRG will be worth 6 figure within this year and it will be worth 7 figure when the Dragon Pearl is built.

What will be the size of your portfolio when DRG reaches its potential? What will you do with your pot of DRG? I will bring my DRG and enjoy myself a little vacation at the Dragon Pearl when it is ready and maybe get myself a Lambo too.  Lets all get ready for a great listing for Dragon Coin and an exciting 2018!