AXS just had another nice little run, and the total market cap is posting new highs.
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.
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.
