The Possible 2 Scenarios for Crypto Today. Tell me your thoughtsIf we look carefully the chart, we will see a huge crash in 2018, 58%. Then, the great final 768% pump came before the end of the bull run. Now, we have a very similar event, where we see a 50% crash. We haven't got one like this before, so maybe we are about to see the final part of the bull run, the very great one before the final crash.
I was specting BTC into the 30-38k range.
Or maybe not... What do you think?
Marketcap
It's Easy To See with BTC as easy as 123 all the data points are so easy to read. It looks like we should be recovering at least in the short term.
As long as we continue to bounce back off of 28000 I believe even if we ride the bottom for a again just the short term.
We should correct and hopefully return the bull market with new highs in august. worst case we break that 28 bounce back or not an re-enter
a brand new uncharted Bear Market.
Yeah ugly chart but shes oldschool and she works
Doge - Market Cap is a trap?Question: Doge is at #4 on Market Cap size - does this mean people have invested $65,818,633,420 into Doge coin?
"Market Cap means real money invested in the markets!" I heard a popular youtuber say..... Is this the riskiest assumption in crypto?
To understand this better I thought I would do a little digging - Disclaimer:
a. I'm just trying to get my head around this topic so no expert but the concept seems pretty simple.
b. I'm thinking about the market as a whole - not Doge specifically but my thoughts on Doge should be pretty clear.
c. I am trying to be objective here buy I'm currently short on BTC right now so watching out for my bearish bias.
Calculation:
Last price x circulating supply
Assumption:
CoinMarketcap says .. "Market Capitalization is one way to rank the relative size of a cryptocurrency"
Binance (academy) says.. "Crypto market capitalization is the current market value of a cryptocurrency network"
Great! so the market is growing and Doge on the way to the moon right?
-- What they are implying here is 'value'. I use this term in my day to day job when we are trying to create the illusion of real cash for clients but it doesn't really exist - that's marketing for you ;)
Breaking this down:
1. Supply:
When you see a youtuber talking about a skyrocketing market cap and institutions jumping in with wedges of cash this is not necessarily the truth. As author Anthony Back noted:
- If I launch a crypto with 10 billion circulating supply and one person pays $1 for one token you have a $10 billion market cap.. wait!! that person sold it for $2 and the Market Cap is now $20 billion! *
- This means with no regulation the market cap can scale without real money and only the introduction of new tokens/supply - think XRP.
* as more buyers come in they will establish an alternative price.
2. Circulation
- Calculations do not account for lost tokens - this would bring down the Market Cap - e.g. reduce BTC Market Cap by 20%
- creation of tokens out of thin air - this means you can boost market cap (unless the price adjusts but for many small tokens in a bull market this may be overlooked)
- the circulating supply doesn’t take into account illiquid coins or tokens in long-term storage
3. Value
- this is often quoted when talking about market cap but in crypto there is no value and Market Cap has nothing to do with value. We as humans keep things simple and misread this data value.
4. Comparison
- You are comparing nothing with nothing - there is no intrinsic value in the token thus an individual token market cap is based on sentiment vs another token sentiment
- they are designed for different use cases - thus you cannot compare ETH to BTC... unless they are just all in the speculating category which is probably the real truth
5. Price
- this is what the last person paid for a token - I can but a token at 10 times the current market price which would in effect 10x the market cap.
6. Tether
- a whole other topic
Conclusions and questions I'm asking myself thus far - (bearish bias coming through here)
---- Are market caps worth paying attention to - the market caps I see are pretty accurate in the way they are calculated but can be very misleading
---- In April total market cap dropped by 30% - if this was real cash then the market took out $700 billion almost overnight which is unlikely. The price just dropped to a point where people are willing to buy it again which established the market cap
---- if you can control price and supply then you can set the Market Cap? Seems that way - Some such as BTC would be harder to manipulate but there are 5,000 ALTs on Coinmarketcap with little regulation.
---- so the market is growing and Doge on the way to the moon right? Believe what you wish - I'm just suggesting that Market Cap looks misleading to me
---- is there really this amount of (real) money invested in the market? The answer seems to be ... NO! but I don't have enough knowledge to confirm this yet
---- If this is true about Market Cap, why would an institution invest in this space? I don't think they are.
---- When watching a youtuber talk about market cap going parabolic I must ask the question - do they really understand why this is happening?
-- There you have it - my basic research which may offer a new perspective or perhaps allow for further entrenchment into the Golden Chain that is crypto? Market Cap seems to make for nice charts but this may be why Doge coin can make the top 4 coins (based on Market Cap). The total market cap sits at $2.49T..
Take this with a pinch of salt and cynicism + perhaps in my limited research I have misrepresented Market Cap here so I suggest you take some time to research it if you are as unfamiliar as me.
Best, Hard Forky
Could Ethereum beat Bitcoin? Special Analysis!!!Based in my opinion, there's a highly chances that Ethereum going to strenghten the trend during this bull rally. But stil alert in the market cap, the market cap it's key to know what cryptoucrrency are growing up. For that guys, we would need to be so alert if Ethereum it's take dominance of Bitcoin to growing up.
Ok look on 2017, in the Ethereum market cap hit the $142 billion in the past bull rally. Meanwhile, Bitcoin market cap hit the $320 billion in the past bull rally. So, Ethereum was more powerful in the past bull rally on 2017 when Ethereum was undervalued to $100 USD and go to $1,500 USD approximately on the end of 2017. And 2018 was the bear market that Ethereum down to $113 USD. Now, actually, Ethereum it's so near to mark a market cap worth in $500 billion. Meanwhile, Bitcoin market cap it's around of $1.10 trilion. Now, if we look, we can to get price future to know the comparsion what will happening if Ethereum reach the $10,000 USD as first objective, or using the the market cap value to use basic mathematic.
To know, Etheruem has the supply circulation of 115,795,729.75 ETH and Bitcoin has the supply circulation of 18,704,050.00 BTC. Now if you want to know the price and know what will be happening in this comparison. Look this exercise.
The easy way it's know your price future. Imagine that Ethereum going to reach $10,000 USD. This price future it's possible to reach by long term. We use the Ethereum supply circulation and we use it to multiply with $10,000 USD. and the result will be a market cap value of $1.15 trillion.
Now, if you want to know that Ethereum going to reach $20,000 USD for coin. This price future it's possible to reach by long term. We apply the same.
Multiplying $20,000 USD with the Ethereum market cap. Ethereum could to reach a market cap worth in $2.31 trillion.
The 20,000 USD it's so similar when Bitcoin on 2017 reach this price, now Ethereum it's turn. But what will be happening if Ethereum mark the $30,000 USD. Well, the market cap will worth $3.47 trillion
Now, if you want to know in that case of Bitcoin what will be happening if Bitcoin reach the $100,000 USD. We need to know that Bitcoin has a supply circulation of 18,704,050 BTC. We multiply the $100,000 USD as future price with the supply circulation. The result will be 1.87 trillion.
If Bitcoin reach the mark of $200,000 USD, The market cap will worth 3.74 trillion
My Personal Opinion:
I believe that Ethereum may to change the things. As Bitcoin and Ethereum are main cryptocurrencies. A lot people are invest in Ethereum than Bitcoin right now if we compare the Ethereum/Bitcoin ratio. And we see that there's a lot chances that Ethereum it's becoming the next Bitcoin. So, I believe that Ethereum have all chances to go easily so fast a market cap of $1 trillion and so near of Bitcoin market cap. But, this chart are so fundamental key if you hold Ethereum in this altseason. becuase Etheurem coul have more ROI than Bitcoin do.
And well, I interesting to look Cardano to compare with Ethereum using the market cap of both cryptocurrencies. Because Cardano, it's the next Ethereum killer and remplace of it For that, big news are incoming in Cardano during this bull rally. For that, Cardano it's my cryptocurrency key in this smart exit plan.
DogeLooking for some thumbs up so I can speak in the chat,
Thank you :^*
GL Trading!
Disclaimer: This graph is not serious.
Market Still Needs a Confirmation to be Strong Bullish !As seen in previous analyzes, the overall market cap market was able to grow to a level of $ 2.2 trillion with good growth, which led to a significant increase, especially in the price of low-price altcoins.
But after the recent fall in the price of bitcoin, Market Cap has now reached below the ceiling of its previous price volume, which has been able to maintain its growth in the form of a short-term trend line.
If Market Cap can re-emerge from the purple range, it will be able to grow at least to the price ceiling of the above channel, and due to the market volume and bitcoin dominance conditions, it will easily lead to a price explosion in small altcoins. will be.
Of course, it should be noted that the general situation of the market depends on the trend of bitcoin prices, all these assumptions will be possible with the stability or growth of bitcoin prices.
Due to the recent price fluctuations and the sensitive range in which the market is located, be sure to use losses and capital management in all your transactions so that you do not suffer heavy losses in the event of a market collapse.
Cardano to $1.30 1 week ezI believe Cardano will reach at least $1.30 by the end of this week, 04/26/2021. Cardano is extremely bullish, especially with the bitcoin manipulation. We have been consolating around $1.10. We will see a move to $1.30. Cardano's market cap is at 37 billion, which is low for the potential of this coin. Smart contracts have not even be reached yet. When smart contracts come out, we could see a 100% gain out of nowhere. Please do your research.
Alts MarketCap Ideaalts mc did a retracement to 1.618 fib level after BTC dump and now forming this ascending triangle and it's about to break out in 4H timeframe if a daily candle close above the 2.618 fib level but if it reject by this level it can retest the support line again
also in 4h timeframe, it's moving above all major emas
I expect alts mc reach to the green line as a target in the next few days or week
in general, alts looking good, and dominance is about to break the 50% and it's like alt season is more possible but only if btc not dumping more then alts should be good in the next few days
Market Cap - Sell pointSell point suggests 1 December 2021 to be optimal if this channel holds true
66 Degree angle ascension Is present within last bull run and proceeding bull run
I think I will be selling around this area, market may stay up till June 2022 as suggested by my previous chart
Bull run in effect