Hello everyone!
Here is a crazy idea. Here I present a logarithmic chart of Etherum ( ETHUSD 0.65% ) with a 2-year parallel growth channel.
This potentially suggests that by the end of the year we could see the price of ETH being between $5,000 and $60,000 USD.
I am personally confident that the price will be nearly $5,000 and this chart supports that idea. Assuming that the total circulation supply of ETH reaches ~100,000,000 by the end of the year, $5,000 a share would result in a market capitalization of 500 billion USD. Not too ridiculous in my opinion. However, 6 trillion on the other hand (maximum channel goal), may be ridiculous. Now, I know this is fucking insane, but the exponential nature of the ETH blockchain (DApps, token genesis, etc.) suggests this channel is possible.
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
Here is a crazy idea. Here I present a logarithmic chart of Etherum ( ETHUSD 0.65% ) with a 2-year parallel growth channel.
This potentially suggests that by the end of the year we could see the price of ETH being between $5,000 and $60,000 USD.
I am personally confident that the price will be nearly $5,000 and this chart supports that idea. Assuming that the total circulation supply of ETH reaches ~100,000,000 by the end of the year, $5,000 a share would result in a market capitalization of 500 billion USD. Not too ridiculous in my opinion. However, 6 trillion on the other hand (maximum channel goal), may be ridiculous. Now, I know this is fucking insane, but the exponential nature of the ETH blockchain (DApps, token genesis, etc.) suggests this channel is possible.
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
