how high will this thing fly by end of year? i think another 10x could be in the cards. based on the trends in market cap and AXS dominance, i can see AXS hitting $1400+ in 2021.
6.2T market cap is looking reasonable:
and AXS dominance is on pace for 1.42%:
that would put price at a hefty $1445.47 by 12/31. (.0142 * 6.2T / 60907500 = 1445.47)
of course this assumes we are exactly on trendline. if either variable is overvalued/undervalued against the trendline, we could see prices higher or lower. i'll take a look at some best case/worst case scenarios next.
Thanks for sharing! I think you can be right on this one.
May I ask you what you think about 1inch? Ofcourse, only aswer if you want. Thank and have a nice weekend.
reees
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@v70classic850, i don't know too much about 1inch, so i don't have much to say about the project. it's also hard to make a technical price projection because there's not a lot of data to look at, and there isn't a particularly strong trend in terms of price. if i were forced to make a projection with the little data i have, this is what i would look at:
there isn't any 1inch dominance data on TV, but there is a more general defi dominance chart that we can look at, and there is a strong uptrend there. so if we assume that 1inch will keep pace with the rest of the defi market, it's dominance will grow 26% by the end of the year (~0.36%). if we also assume a 6.2T market cap by that same time, that would put the 1inch price around $12.38. we're making lots of assumptions here though, so you can take this with a grain of salt.
v70classic850
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@reees, thanks for your time! I know it is a quite new coin with little historical data. Thanks, I know it are a lot of assumptions.
s77411
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Sweet Dream
reees
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@s77411, lol. yeah the SOL dominance variable is obviously the big question mark. i think the 6T market cap is reasonable.
May I ask you what you think about 1inch? Ofcourse, only aswer if you want. Thank and have a nice weekend.