AXS just had another nice little run, and the total market cap is posting new highs.
how high will this thing fly by end of year? i think another 10x could be in the cards. based on the trends in market cap and AXS dominance, i can see AXS hitting $1400+ in 2021.
$6.2T market cap is looking reasonable:
and AXS dominance is on pace for 1.42%:
that would put price at a hefty $1445.47 by 12/31.
(.0142 * 6.2T / 60907500 = 1445.47)
of course this assumes we are exactly on trendline. if either variable is overvalued/undervalued against the trendline, we could see prices higher or lower. i'll take a look at some best case/worst case scenarios next.
how high will this thing fly by end of year? i think another 10x could be in the cards. based on the trends in market cap and AXS dominance, i can see AXS hitting $1400+ in 2021.
$6.2T market cap is looking reasonable:
and AXS dominance is on pace for 1.42%:
that would put price at a hefty $1445.47 by 12/31.
(.0142 * 6.2T / 60907500 = 1445.47)
of course this assumes we are exactly on trendline. if either variable is overvalued/undervalued against the trendline, we could see prices higher or lower. i'll take a look at some best case/worst case scenarios next.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.