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Bitcoin (BTC) Price One Dot Closer to $100,000, According to Stock-To-Flow Model

News
Wed, 07/01/2020 - 10:41
Vladislav Sopov
Slowly but surely, the Bitcoin (BTC) price is coming closer to another insane rally, as revealed by the updated 'stock-to-flow' model from trader and analyst PlanB
Bitcoin (BTC) Price One Dot Closer to $100,000, According to Stock-To-Flow Model
Cover image via stock.adobe.com
Contents

The well-known cryptocurrency trader and analyst who goes by the name of PlanB (@100trillionUSD) published an update to the most popular Bitcoin (BTC) price model for bulls.

Second red dot

According to Plan B, the second red dot in the fourth Bitcoin (BTC) epoch flashed today. Red dots show the price of the king coin in the months following a fall in mining rewards.

Bitcoin (BTC) stock-to-flow model flased second red dot
Image via Twitter

According to its past performance, explosive upmoves by the flagship crypto typically start in orange and yellow zones. However, with the maturation of cryptocurrency markets, the cycles are becoming smoother. This trend may be contributing to the surprisingly low volatility of the king coin.

This fact was mentioned by the author of this theory, Plan B. He noticed that the volatility refuses to grow despite the ongoing market recession.

Also, PlanB admitted that the position of the second red dot will be adjusted in late July 2020.

Mesmerizing and controversial model

The 'Stock-to-flow' models of the Bitcoin (BTC) price explain the cycles of its growth by the increasing scarcity of the asset. Scarcity increases, in turn, correlate with periodic reductions in Bitcoin (BTC) emission, which are hard-coded into its protocol.

As covered by U.Today Crypto News, PlanB insists that in the ongoing cycle, the Bitcoin (BTC) price may reach the $100,000 and even $900,000 levels. Its 'stock-to-flow' ratio derived from the current production and overall Bitcoin (BTC) supply, surpasses the scarcity of Gold (XAU).

Related Bitcoin (BTC) Price May Even Reach $900,000: PlanB on 'Stock-to-Flow' Misunderstandings
Related
Bitcoin (BTC) Price May Even Reach $900,000: PlanB on 'Stock-to-Flow' Misunderstandings
 

Despite the fact that PlanB's calculations are heavily criticized even by a portion of the Bitcoin (BTC) community, the $100,000 macro target for the Bitcoin (BTC) price is supported even by the more conservative 'Energy Value Theory' by Charles Edwards.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)