As a seasoned crypto investor with a decade of experience under my belt, I’ve seen more than a few market predictions come and go. However, when it comes to Ki Young Ju’s Bitcoin model based on the Realized Cap, I must admit, it’s caught my attention.
According to the model presented by the creator of CryptoQuant, it’s possible that Bitcoin‘s peak value might currently be close to $135,000.
Bitcoin Model Established On Realized Cap Could Reveal Price Ceiling & Floor
In a recent update on platform X, Ki Young Ju – founder and CEO of CryptoQuant – has shared insights about a Bitcoin pricing strategy grounded in the Realized Capitalization. To clarify, the “Realized Capitalization” is an evaluation method for Bitcoin that considers the ‘true’ worth of each circulating coin to be the price at which it was last traded on the blockchain.
In simpler terms, whenever a token switches ownership, its latest transfer marks that point in time when it was last traded. Therefore, the price at that moment can be seen as the current cost for that token. Consequently, the Total Realized Cap (or Capitalization) is calculated by adding up the cost basis (purchase price) of all tokens present on the network.
In simpler terms, the Realized Cap reflects the overall investment made by all cryptocurrency holders collectively. By dividing this value with the total circulating supply, we get a metric that signifies the average cost basis for each token or investor in the blockchain network.
In this discussion, we’re focusing on a measure called the Realized Price. While the Realized Price itself might not be crucial for our purposes, the significance lies in its two multiples: 3.9 times and 0.75 times. Young Ju has provided us with a chart that demonstrates the evolution of these two multiples of the Bitcoin’s Realized Price over time.
In this graph, the creator of CryptoQuant has highlighted two significant levels for Bitcoin’s price movement:
Currently, the upper limit for the asset’s price stands approximately at $135,741, contrastingly, its lower limit is around $26,104. At the moment, Bitcoin exceeds the lower limit significantly, however, it still has a noticeable gap to reach the upper one.
As a researcher studying the cryptocurrency market, I’ve noticed that with the present level of investment in this sector, there seems to be potential for further expansion, based on historical trends.
For the time being, Bitcoin’s ceiling appears to be around $136,000, but it’s important to note that this figure could change as new investments flow into the asset during the bull market, causing it to rise further.
BTC Price
As an analyst, I’ve noticed that the recent surge of Bitcoin seems to have taken a brief breather, with its current value hovering just above the $90,000 mark.
Read More
- Fauji director Hanu Raghavapudi shares BIG update on Prabhas starrer period war drama; ‘We have created…’
- What Did RFK Jr. Say About Antidepressants?
- Mobile Games to Play With Friends in 2025
- Captain America 4 Producer Details Anthony Mackie’s Lead Role in Avengers: Doomsday
- Who Is Randy Orton’s Wife? Kim’s Job & Relationship History
- Fact Check: Is AR Rahman no longer a part of Ram Charan, Janhvi Kapoor’s upcoming movie RC16? Here’s the truth
- Allu Arjun’s Epic Chain Scene in Pushpa 2 Goes Viral – Fans Are Going Wild!
- RAY PREDICTION. RAY cryptocurrency
- How To Play Ragnarok M Classic On PC
- How Many Episodes of Sakamoto Days Are Left?
2024-11-19 06:41