Bitcoin Bottom & Peak Cycles
The 1st Cycle reached its peak in slightly more than 2 years.
The 2nd Cycle reached the peak in less than 3 years.
The 3rd Cycle (current cycle) seems to be tracking the 2nd Cycle closely, with more volatility and at least 2 major crashes.
If the 3rd cycle peaks exactly the same as the 2nd cycle, then 15 Nov 2021 is the peak.
Scenario 1 (not on chart):
A V-shape recovery is possible given the the right market conditions but this is still a low probability outcome. And to expect a V-shape recovery, we would mostly likely require a sharper and larger price dip than the current prices.
Scenario 2 (as per chart analysis):
What could be a more natural and likely scenario is that price...
Although 2021 could be a good year for Cardano (ADA), there are hurdles ahead.
- RISK #1 : Cardano's network address growth must increase for ADA to reach those levels. Currently in decline according to IntoTheBlock (reason unknown).
- RISK #2 : If ADA is unable to breach $1.50, possible sideways movement will occur for a while until 200 MA catches up.
EV Market Share Analysis (by Valuates Report)
Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share.
North America is estimated...