In October 17, I already wrote a fundamental analysis of the cue ball, for example here
let's see what has changed since then and supplement, if briefly, the fair value then I estimated at 15k per cue ball, and today it is already 60 + k.
So we hold, we buy, we deduce everything from the overbought shaggy gold.
Everything is too simple, all indicatorsthe blockchain continues to grow, and so it is good to grow, hashrate, the number of new users. Mentions in the internet, when you drive in something related to trading, investments and stocks, even without a crypt, it is already full of links with a crypt in the top.
The main thing I want to pay attention to isnumber of exchanges and their trading volume. The number of exchanges is phenomenal, and even though in many countries their type is both prohibited and banks do not welcome transfers related to crypto. Trading volume is growing steadily, despite the depreciation.
I rarely saw articles about the relationship between trading volumes and capitalization and the comparison of stocks and crypts, and so here's my point of view.
Obviously, stocks with high capitalization have the highest trading volumes.
The volume of trades in the cue ball per day is about 5 timesless than the whole capitalization of the cue ball. This is a lot, it is a very large volume, or a very small capitalization relative to the volume. And it is very attractive for big money who need liquidity.
Take a list of all exchanges and their trading volume and capitalization
Usually everywhere the volume per month is 10 times lower than the cap.
It turns out the difference with the cue ball somewhere 40 times and the cue ball should cost 40 times more expensive?
HZ, I think that the volumes on crypto exchanges are largely fake and it is not entirely correct to compare them.
But when the difference is 40 times, then there definitely is a margin for growth, plus the trend for increasing volumes in the crypt continues.
For more than 2 years, the main indicators of the cryptaccording to rough estimates, they have grown 4 times, so I expect that the cost can also be 4 times higher since then. Unfortunately, I’m not sure that the growth will be in the cue ball and not in another crypto, but I think the cue ball with its forks will fall over too.
So we are waiting for 60k per cue ball to fix a part and make a comeback with it in bots for a couple of years, and then we will buy 20k each and wait for the next ace.