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Bitcoin (BTC) Price to Reach $100,000 in Fifth ‘Stock-To-Flow’ Phase: Crypto Analyst PlanB

News
Wed, 06/10/2020 - 12:43
Vladislav Sopov
Seasoned blockchain analyst PlanB (@100TrillionUSD) has reflected on the four Bitcoin (BTC) price stages and revealed new targets
Bitcoin (BTC) Price to Reach $100,000 in Fifth ‘Stock-To-Flow’ Phase: Crypto Analyst PlanB
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In a nostalgic tweet, PlanB has reminded his followers of the primary symbols of the four Bitcoin (BTC) ‘stock-to-flow’ stages and demonstrated how they correlate with BTC price dynamics.

Road to $1,000: pizza, scandals, GPU mining

According to PlanB, the first two phases of the ‘Stock-to-Flow’ price progress model occurred between the release of the Bitcoin (BTC) protocol and the first reduction of miner rewards.

PlanB indicates the start of fifth Bitcoin (BTC) epoch
Image via Twitter

Mining on GPUs, the ‘Bitcoin Pizza’ deal with Laszlo Hanyecz and the involvement of the flagship cryptocurrency in the rise of Silk Road are among the symbols of this phase. In terms of price, all these crucial events occurred in sub-$1 waters.

Then, Bitcoin (BTC) reached the $1 level for the first time. During the second phase, the first crypto-to-fiat exchange Coinbase was launched and the first blockchain-based game Satoshi Dice was released.

The interval between $100 and $1,000 was marked with the emergence of Bitstamp, the arrest of Silk Road’s Ross Ulbricht and the tragedy of the MtGox collapse.

Standing at the threshold of the fifth Bitcoin (BTC) phase

Within the fourth ‘S2F’ phase, the Bitcoin (BTC) price entered four-digit waters. Adoption and legalization symbolized the first years of this stage. Bitcoin (BTC) was legally recognized in Japan and Australia.

In terms of technology, Bitcoin (BTC) went through its most popular forks (BCH and BSV), implemented Segregated Witness and Lightning Network to scale and the first Bitcoin (BTC) futures became available for trading.

The last periods of the fourth stage witnessed the ICO bubble and a rise of altcoins.

Thus, this May represented the start of Bitcoin's (BTC) fifth epoch. According to PlanB, the price of the king coin may surge to above $100,000 in the current ‘S2F’ stage.

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
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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
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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.)