Marc De Mesel: Crypto 550% Overvalued, Target 900%? ?
Today's weekly average of $600 billion total market cap is 550% higher than expected value of $90 billion. Previous bubbles in 2011 and 2013 reached 1350% and 1100% overvaluation. Considering volatility goes down as market cap goes up, 900% overvaluation seems reasonable estimate for the top of this bubble?
That would mean it reaches $900 billion on a weekly avg basis and so likely tops out couple of days above $1 trillion. This could happen rather quick without Bitcoin seeing a new ATH. An altcoin rally will do the job and is most probable at the end of a crypto bubble. Please donate to Trolololo for his amazing work: https://bitcointalk.org/index.php?topic=2000218
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