Bitcoin Dominance Chart
Category: Crypto
Hedera Price Analysis
This time I would like to cover this Hedera Hashgraph – $HBAR.
Efficiency
A recent study from “UCL (University College London) Centre for Blockchain Technologies” have demonstrated the efficiency of this technology.
See:
From the Graph above we see that other important competitors are Cardano, Polkadot, Tezos, Algorand.
Easy of usage
It is super easy to create a coin based on HBAR. See:
Forecast
Lets compare the market cap.
| Coin | Market Cap |
| Cardano | $72,796,015,460 |
| Polkadot | $31,651,519,995 |
| Tezos | $7,393,447,535 |
| Algorand | $11,075,370,144 |
| Hedera Hashgraph | $5,999,189,951 |
| Total | $128,915,543,085 |
Looking at the chart above we can assume that this coin can easily reach the 20B Market cap.
Lets do some forecast:
I am assuming that circulating supply will increase by 2% per market cap growth. This is not accurate but at least includes it.
| Market Cap | Circulating supply | Price |
| 5,952,261,265.90 | 14,832,756,028.00 | 0.4013 |
| 7,000,000,000.00 | 15,129,411,148.56 | 0.4627 |
| 8,000,000,000.00 | 15,431,999,371.53 | 0.5184 |
| 9,000,000,000.00 | 15,740,639,358.96 | 0.5718 |
| 10,000,000,000.00 | 16,055,452,146.14 | 0.6228 |
| 11,000,000,000.00 | 16,376,561,189.06 | 0.6717 |
| 12,000,000,000.00 | 16,704,092,412.85 | 0.7184 |
| 13,000,000,000.00 | 17,038,174,261.10 | 0.7630 |
| 14,000,000,000.00 | 17,378,937,746.32 | 0.8056 |
| 15,000,000,000.00 | 17,726,516,501.25 | 0.8462 |
| 16,000,000,000.00 | 18,081,046,831.28 | 0.8849 |
| 17,000,000,000.00 | 18,442,667,767.90 | 0.9218 |
| 18,000,000,000.00 | 18,811,521,123.26 | 0.9569 |
| 19,000,000,000.00 | 19,187,751,545.72 | 0.9902 |
| 20,000,000,000.00 | 19,571,506,576.64 | 1.0219 |
| 21,000,000,000.00 | 19,962,936,708.17 | 1.0519 |
| 22,000,000,000.00 | 20,362,195,442.34 | 1.0804 |
| 23,000,000,000.00 | 20,769,439,351.18 | 1.1074 |
| 24,000,000,000.00 | 21,184,828,138.21 | 1.1329 |
| 25,000,000,000.00 | 21,608,524,700.97 | 1.1570 |
| 26,000,000,000.00 | 22,040,695,194.99 | 1.1796 |
| 27,000,000,000.00 | 22,481,509,098.89 | 1.2010 |
| 28,000,000,000.00 | 22,931,139,280.87 | 1.2210 |
| 29,000,000,000.00 | 23,389,762,066.48 | 1.2399 |
| 30,000,000,000.00 | 23,857,557,307.81 | 1.2575 |
For more detailed info regarding release scheduled you can see:
https://hedera.com/blog/introducing-the-hedera-treasury-management-report
https://hedera.com/treasury-management-report
Looking at these number this is NOT a coin that will give you 100x gain. But it is a solid PROJECT.
Cryptocurrency Market Overview
From coinmarketcap.com we were able to get the top 5000 currencies.
From those there are 3864 based in other currencies like ETH, Cardano, etc.
Here is an overview:
Most of the cryptocurrencies are made based on Etherum, from those 5000 more than a half 66.5% (2569) are built using ETH.
Then, the other most used platform is Binance. Both platforms hold the 2nd position: Binance Smart Chain and Binance Chain used by 935 and 61 respectively. Binance Smart Chain support smart contracts and Binance Chain don’t.
This is the break down:
There are 707 coins that dont depend on other platform with circulating supply with price < 1.
I hope this gives you more sight.
Cardano ADA Analysis
First lets see what is the current Status:
| Available Supply | 32.1B |
| Total Supply | 45.0B |
| Current Market Capitalization | 90.58B |
| Current Price | 2.83 USD |
Now lets see see how the Global Market capitalization Grows over the last 2 years
From https://coinmarketcap.com/charts/ we got:
Some Important notes:
| Date | Market captitalization USD |
| 04/01/20 | 0.20 T |
| 01/06/20 | 0.27 T |
| 01/01/21 | 0.77 T |
| 01/06/21 | 1.63 T |
| 01/09/21 | 2.18 T |
| 01/01/22(Forecast) | 2.75 T |
Now lets do some analysis:
- How Cardano will behave taking more Market capitalization related to ETH
- How Cardano will behave if nothing happens
How Cardano will behave taking 70% of Market capitalization related to ETH
| Coin | Price (USD) | Market Cap. (USD) | % |
| BTC | 51312 | 962.96 B | 39.00 |
| ETH | 3895 | 456.23 B | 18.00 |
| ADA | 2.83 | 90.58 B | 3.75 |
Assuming Cardano Reaches 70% of current ETH Market Capitalization:
Market Cap. = 456.23 B x 0.7 = 319.36 B
Then The price would be:
Formula: Price = MC / Av. Supply
Price = 319.23 B/ 32.1 B = 9.94 USD
How Cardano will behave if nothing happens
From the chart “Market Capitalization could be 2.75 T by end of 2021″we assume that Global Market Capitalization will be 2.75 T USD. See chart above.
Global Market Cap. at 01/01/2022 = 2.75 T USD = 2750 B USD.
Cardano Market Capitalization (01/01/2022) = 2750 B x 0.0375 = 103.2 B
Price = 103.2 B/ 32.1 B = 3.21 USD