How bitcoin and ether will reach $100k and $10.5k, Fundstrat explains

, he analyzed market data such as the digital token's price, market cap, and supply; financial metrics including total payment volume, transaction fee revenue, and payment processing costs; key performance indicators like transaction take rate and active bitcoin wallet users; as well as valuation metrics such as value per user and cost-savings multiple. is a commodity-like token or digital gold as it's often called, there are a lot of costs that go into producing or mining it.

"I call it the Grider book value multiple these days," he said."It's just the market cap of bitcoin over what we estimate as total investment in it over the years via mining, and that's how I got to that $100,000 target for it."'s transaction fee revenue, which has been growing at a 1,099% 5-year compound annual growth rate, ended 2020 at around $600 million, according to Grider.

"Growing at a 1099% 5-year CAGR, and at 1624% year over year from 2019 to 2020, Ethereum is on pace to grow at 554% during 2021," he wrote in January 19 research note."This compares against 21x price to sales multiple and 38% growth for the Bessemer Venture Partners Emerging Cloud Index. On a growth adjusted basis, Ethereum trades at a Price-to-Earnings-Growth rate of 0.07x vs. 0.55x for the cloud comps.

"In there, you're going to find a lot of links, helpful explainers, and information tools generally," he said."You can also go to the block explorers and see if they are indeed generating these fees and if this contract is functioning as it says it does. You can tell, in real-time and block by block what the financials are on these networks."

🚀 Libonomy has created the next generation blockchain, and it’s the fastest in the world. ✔ crypto cryptocurrency investment

95% only bad news(

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NYC mayor candidates Shaun Donovan, Ray McGuire think average Brooklyn home costs $100KTheir estimates were widely mocked on social media Tuesday, with one post asking, 'How can you fix the city's housing crisis if you're this oblivious?'
Source: Newsweek - 🏆 468. / 52 Read more »

Ethereum: What is it and how is it different from bitcoin?Like bitcoin, Ethereum is built on blockchain technology. But unlike bitcoin, people can build apps on top of it. Hey guys✋✋🏻 Please subscribe our channel disclosurepost We have to complete 1000 subscribers and 400hrs for monetization It needs only 1sec for u Your 1sec and 1 sub means a whole world to someone ThAnk u :) Same with $UBQ I need to get educated on all of this, bitcoin etherum? Are my MLB,NFL,NBA cards like this 🤔
Source: NBCNews - 🏆 10. / 86 Read more »

Ethereum, Cardano And These Other Surging Cryptocurrencies Are Propelling The Market To $2.5 TrillionBitcoin's down 1% over the past week, but a slew of other top tokens—including ether, cardano and dogecoin—are up as much as 41%. It's a total scam if you have to pay for those coins with usa money 💸💸💸💸💸💸💸..the owners of the dodgcoins are getting wealthy off your USA backed legal tender
Source: Forbes - 🏆 394. / 53 Read more »

Ethereum, the world's second-largest cryptocurrency, soars above $4,000 for the first timeOnce in bitcoin's shadow, ether has seen parabolic gains recently as investors look to other cryptocurrencies for returns. shibainucoin Here is why: Why are we always showed a physical representation of a coin when talking about cryptocurrency? Isn’t that sort of missing the point? btc Ethereum dogecoin
Source: CNBC - 🏆 12. / 72 Read more »