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

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Wed, 07/01/2020 - 10:41
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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
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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).

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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.

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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.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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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.)