/biz/ - Business & Finance

>>56899058
>>56899059
>once a crypto has gone through one of bitcoin’s halvings it can never again recover its dominance against bitcoin

BTC's halving dates:
>Halving 1: Nov 28, 2012
>Halving 2: Jul 9, 2016
>Halving 3: May 11, 2020

>ETH
Release date: Aug 30 2014
Has gone through 2 Bitcoin's halvings
Dominance vs BTC at peak of cycle #1: 0.1474 BTC
Dominance vs BTC at peak of cycle #2: 0.0877 BTC (40.51% BTC dominance LOSS vs previous cycle)

>XRP
Release date: June 15 2012 / started trading Aug 10 2013
Has gone through 2 Bitcoin's halvings
Dominance vs BTC at peak of cycle #1: 0.0002246 BTC
Dominance vs BTC at peak of cycle #2: 0.00003735 BTC (83.37% BTC dominance LOSS vs previous cycle)

>DOGE
Release date: Dec 6 2013
Has gone through 3 Bitcoin's halvings
Dominance vs BTC at peak of cycle #1: 0.00000284 BTC
Dominance vs BTC at peak of cycle #2: 0.0000190 BTC (83.37% BTC dominance GAIN vs previous cycle - RULE BROKEN)
Dominance vs BTC at peak of cycle #2: 0.00000695 BTC (63.42% BTC dominance LOSS vs previous cycle)

>BNB
Release date: Jun 26 2017
Has gone through 1 Bitcoin's halving
Dominance vs BTC at peak of cycle #1: 0.0189 BTC
Dominance vs BTC at peak of cycle #2: As per the rule, dominance will be lower next cycle

>LINK
Release date: Sep 18 2017
Has gone through 1 Bitcoin's halving
Dominance vs BTC at peak of cycle #1: 0.001612 BTC
Dominance vs BTC at peak of cycle #2: As per the rule, dominance will be lower next cycle

In average, the top 20 coins have lost about 50% dominance of market cap vs bitcoin peak to peak. Link had a 2% dominance vs BTC last cycle, so this upcoming one LINK's dominance will be about 1%.
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TLDR:

Now, assuming Bitcoin goes to $100K next run, it's mkt cap will be $2 trillion, which would put LINK's mkt cap at about 1% of that, which is $20 billion, over 700 million link in circulation in 2025, that'd give us a price of $28.57 per LINK.

>t. analyst

Attached pic of hot grill as bonus.

You're welcome!