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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 http://blockchain.cs.ucl.ac.uk/blockchain-energy-consumption/

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.

CoinMarket 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 CapCirculating supplyPrice
5,952,261,265.9014,832,756,028.000.4013
7,000,000,000.0015,129,411,148.560.4627
8,000,000,000.0015,431,999,371.530.5184
9,000,000,000.0015,740,639,358.960.5718
10,000,000,000.0016,055,452,146.140.6228
11,000,000,000.0016,376,561,189.060.6717
12,000,000,000.0016,704,092,412.850.7184
13,000,000,000.0017,038,174,261.100.7630
14,000,000,000.0017,378,937,746.320.8056
15,000,000,000.0017,726,516,501.250.8462
16,000,000,000.0018,081,046,831.280.8849
17,000,000,000.0018,442,667,767.900.9218
18,000,000,000.0018,811,521,123.260.9569
19,000,000,000.0019,187,751,545.720.9902
20,000,000,000.0019,571,506,576.641.0219
21,000,000,000.0019,962,936,708.171.0519
22,000,000,000.0020,362,195,442.341.0804
23,000,000,000.0020,769,439,351.181.1074
24,000,000,000.0021,184,828,138.211.1329
25,000,000,000.0021,608,524,700.971.1570
26,000,000,000.0022,040,695,194.991.1796
27,000,000,000.0022,481,509,098.891.2010
28,000,000,000.0022,931,139,280.871.2210
29,000,000,000.0023,389,762,066.481.2399
30,000,000,000.0023,857,557,307.811.2575

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.

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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.

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Cardano ADA Analysis

First lets see what is the current Status:

Available Supply32.1B
Total Supply45.0B
Current Market Capitalization90.58B
Current Price2.83 USD
Cardano Status 06/09/2021

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:

DateMarket captitalization USD
04/01/200.20 T
01/06/200.27 T
01/01/210.77 T
01/06/211.63 T
01/09/212.18 T
01/01/22(Forecast)2.75 T
Market Capitalization could be 2.75 T by end of 2021

Now lets do some analysis:

  1. How Cardano will behave taking more Market capitalization related to ETH
  2. How Cardano will behave if nothing happens

How Cardano will behave taking 70% of Market capitalization related to ETH

CoinPrice (USD)Market Cap. (USD)%
BTC51312 962.96 B39.00
ETH3895456.23 B18.00
ADA2.83 90.58 B 3.75
Market Capitalization of BTC ETH and ADA as 06/09/2021

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