Market Cap moving closer to target of $212bn
Updated
2 weeks later and now 236bn. 26bn away from target.
Notes on previous Idea below but the Idea was centered around everything being interlinked - i.e. don't just look at BTC / a single ALT when evaluating where the market is going. The trend takes you to a total market cap of 212bn. This was a market drop of 21% from 268bn however I would not necessarily apply this to BTC -4.82% (it would take it to $4,900) but I expected other ALTs would take heavy losses - Take out BTC -4.82% from this equation (Feb $170, April $139 and (at the time) at $160) the forecast drop was 34% from 268bn
If I was an ICO I'd would have also dumped my crypto long ago. Best, Hard Forky.
Notes on previous Idea below but the Idea was centered around everything being interlinked - i.e. don't just look at BTC / a single ALT when evaluating where the market is going. The trend takes you to a total market cap of 212bn. This was a market drop of 21% from 268bn however I would not necessarily apply this to BTC -4.82% (it would take it to $4,900) but I expected other ALTs would take heavy losses - Take out BTC -4.82% from this equation (Feb $170, April $139 and (at the time) at $160) the forecast drop was 34% from 268bn
If I was an ICO I'd would have also dumped my crypto long ago. Best, Hard Forky.
Note
whoops, not 34% to 212bn but expecting to go deeper while BTC (and BNB?) may hold more value
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