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2
Posted on 2/26/21 at 5:11 pm to rocket31
quote:
MARKETCAP UPDATE FOR DEXs TO POTENTIALLY FLIP ETH:
ETH: $190,698,811,300
1. BNB: $39,368,976,944
2. ADA: $32,577,896,392
3. DOT: $31,468,584,323
*ADA has flipped DOT again
ETH: $163,944,269
1. ADA: $37,060,710
2. BNB: $33,389,381
3. DOT: $27,876,329
Highlights:
*ADA flips BNB
*ETH loses ~$27 billion in marketcap, ADA gains ~$5 billion
Posted on 2/26/21 at 5:14 pm to finchmeister08
quote:
Does that lead to more profits or something? What’s the significance of a higher market cap.
depends on how you view the projects, by comparing the marketcaps, we can see where potential profits can be made
for example:
IF you think ETH has issues or whatever, it might be wise to buy a coin that could flip it (ADA, DOT, BNB, ATOM, SOL are the top 5 DEX coins to flip it)
IF you think ETH will eventually adopt ETH 2.0 it might be wise to buy it now since its price has been struggling
This post was edited on 2/26/21 at 5:57 pm
Posted on 2/26/21 at 5:21 pm to finchmeister08
quote:
Does that lead to more profits or something? What’s the significance of a higher market cap
Take BTC for example. It’s at 45k right now in price and has a 1 trillion dollar market cap
For it to double in price 90k its market cap would be 2 trillion. So we need another trillion pumped into BTC for it to double
In rockets example take ADA. It would need to more than quadruple its market cap to reach the 160 billion market cap of ETH (or ETH drop off) That would quadruple the price of ADA.
Posted on 2/26/21 at 6:19 pm to rocket31
So, since ADA flipped BNB, shouldn’t it be a moon shot? $1.25 versus $240-250. What’s holding it back?
Posted on 2/26/21 at 6:21 pm to FlyinTiger93
It would take trillions to shoot ADA over $100 lol.
You have to look at market cap and coins available/total.
Best case scenario IMO for ADA this year is like $7
You have to look at market cap and coins available/total.
Best case scenario IMO for ADA this year is like $7
This post was edited on 2/26/21 at 6:23 pm
Posted on 2/26/21 at 6:30 pm to JayDeerTay84
Circulation is enormous.
Posted on 2/26/21 at 6:37 pm to rocket31
quote:ETH hard fork in April
yea probably but isnt it weird that they never give a date on when ETH 2.0 is happening?
This post was edited on 2/26/21 at 6:38 pm
Posted on 2/26/21 at 6:54 pm to jimbeam
what effect does a hard fork have on prices?
Posted on 2/26/21 at 7:09 pm to SwampdogDC
Anybody here in PAXG? Seems like the price of gold has bottomed out plus I can get 5% interest on BlockFi. Obviously not gonna get rich but seems like a safe place to park a couple grand? Currently holding mostly BTC and Link with a little GRT.
Posted on 2/26/21 at 7:17 pm to FlyinTiger93
quote:
So, since ADA flipped BNB, shouldn’t it be a moon shot? $1.25 versus $240-250. What’s holding it back?
you need to look at circulating supply. generally speaking the price of the coin is irrelevant.
ADA has a much higher circulating supply than BNB so it's always going to be a lower price ($1.25 vs $240) but their marketcaps are nearly the same
Posted on 2/26/21 at 7:27 pm to SwampdogDC
quote:
effect does a hard fork have on prices?
IF successful it would solve the high gas fees issue which should in theory increase the price
Posted on 2/26/21 at 7:58 pm to rocket31
What establishes a market cap? How does anyone know how many of each coin there is?
Posted on 2/26/21 at 8:05 pm to finchmeister08
When you look up a particular coin on your exchange (coinbase, binance, etc) scroll down and it will show you the circulating supply That is the number of tokens that are out there
Market cap is the number of circulating supply x the price of the coin/token/share. So if there are 1000 shares circulating and they are worth $1 each the market cap is $1000
Before you jump into some of these coins thinking they are going to go to $X you need to look at the circulating supply and see what the market cap would have to be for that to happen.
Market cap is the number of circulating supply x the price of the coin/token/share. So if there are 1000 shares circulating and they are worth $1 each the market cap is $1000
Before you jump into some of these coins thinking they are going to go to $X you need to look at the circulating supply and see what the market cap would have to be for that to happen.
This post was edited on 2/26/21 at 8:11 pm
Posted on 2/27/21 at 8:49 am to Ron Cheramie
Bitcoin looks like a potential, slow correction taking place at the moment. Seems to hit some resistance around 45 then bounce back up to 49. I wonder whether all of the institutional buying has established this a true new support level. If so, good news for everyone holding long term.
Posted on 2/27/21 at 9:18 am to HurricaneDunc
Whale moved $300M+ around 0800 CT which triggered some stops is my guess. Making an expected steady recovery since then.
eta: lol, jk
eta: lol, jk
This post was edited on 2/27/21 at 9:33 am
Posted on 2/27/21 at 10:38 am to CecilShortsHisPants
Opinions desired, since ETH is trading in the 1400 range, down from 2K a week ago, and since Coinbase is offering 7.5% ETH2 staking rewards soon, should I go ahead and get a bigger position now? Do you anticipate a massive ETH bump after staking rewards go live?
Posted on 2/27/21 at 10:56 am to dabigfella
These alternative currencies are eerily similar to the South Sea Company fiasco. I say take your profits now and get out. If you want to get back in later when prices are low that’s not a bad idea.
This post was edited on 2/27/21 at 10:58 am
Posted on 2/27/21 at 10:57 am to Vols&Shaft83
quote:
Opinions desired, since ETH is trading in the 1400 range, down from 2K a week ago, and since Coinbase is offering 7.5% ETH2 staking rewards soon, should I go ahead and get a bigger position now? Do you anticipate a massive ETH bump after staking rewards go live?
I would have thought ETH at 6K this year would have been easy; however they are pissing off their miners right now.
I dont know what is going to happen. They need miners to get to 2.0. EIP 1559 is a giant ??? right now.
Posted on 2/27/21 at 10:59 am to JayDeerTay84
quote:
I would have thought ETH at 6K this year would have been easy; however they are pissing off their miners right now.
School me, as I am new, how are they pissing off miners?
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