Did some fib extensions (not shown) based on the previous wave, if we see the same gains as last year, then I have my eyes set on 23k for ETH. My Elliot counts maybe off, take that into consideration. This is a different... chart... more speculative than most.
So let's see what happens, shall we?
This information is my opinion and is not financial advice, please do not trade based on any of my ideas. This is for education only.
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Posted update here because it's relevant but there are new versions of this theory, this is old post and will no longer get any updates.
I guess you just want to dream out loud. I never did understand the market cap premise people keep bringing up. This is a crypto not a stock. What's the market cap of the US Dollar? Lol
Mikelikescrypto
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@CB58, Hey 2018 is going to change everything. That is all.
cmschlch
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2000 - 3000 would be a fantastic target! And in my opinion a realistic one! Of course I'll be happy with 23k ;-)
rlocsin1286
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In order for that to happen, the ETH market cap would have to reach about 2.7 trillion, which is 3.5x the entire existing market cap for all cryptos as of 1/5/18.
Not very likely to happen next year but maybe eventually...
Mikelikescrypto
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@rlocsin1286, Well the market cap has had a habit of growing at double digit factors. On dec 31st 2016, the market cap was about 17.6 billion, and today it's 785 billion. 44x the market cap JUST LAST YEAR!
rlocsin1286
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@Mikelikescrypto, It's a lot easier to go from $1 to $10 than it is from $10 to $100. Both are 10x growth one is exponentially harder.