XRP dipped 0.62% on April 24 despite a broader crypto market gain, closing at $2.2050 after hitting $2.1169. CME Group to launch XRP futures on May 19, signaling institutional growth and ETF market momentum. Polymarket raises XRP-spot ETF approval odds to 72%, reflecting increasing market confidence in regulatory clarity.#xrpetf #xrpetf #XRPETHFIncoming
XRP.. The price of Ripple’s XRP might soon be in for a large price surge, with analysts forecasting a potential leap to $6.5, almost a 200% rise from its current position.
New technical indications and the bullish trend of Bitcoin are putting analysts and traders on high alert for XRP’s next direction. #xrpetf #xrp #XRPvsBitcoin $XRP
We now see ETH network revenues rising from an annual rate of $2.6B to $51B in 2030. Assuming ETH takes a 70% market among smart contract protocols, this implies a token price of $11.8k in 2030, which we discount to $5.3k today at a 12% cost of capital derived from ETH's recent beta.
Ethereum Valuation Methodology: Cash Flow Projections & FDV Calculation We value Ethereum by estimating cash flows for the year that ended on 4/30/2030. We project Ethereum revenues, deduct a global tax rate and a validator revenue cut and arrive at a cashflow figure. We then apply multiple estimates by applying a long-term estimated cash flow yield of 7% minus the long-term crypto growth rate of 4%. We then arrive at the fully diluted valuation (“FDV”) in 2030, divide the total by the expected number of tokens in circulation, and then discount the result by 12% to 4/23/2023. You can see our revenue estimates and price targets in the table below with more detailed assumptions in the Ethereum Valuation Scenarios table.
Binance News Apr 22・Verified Binance official account
AI Summary
Binance Alpha has expanded its listings to include Balance (EPT) along with several trending meme and community tokens — Mog Coin (MOG), SPX6900 (SPX), Popcat (POPCAT), and Milady Cult Coin (CULT) — according to the Binance app.
The additions reflect growing interest in niche and community-driven assets within the crypto ecosystem, as Binance Alpha continues to provide early access to emerging and highly-discussed tokens.
BNB was launched through an ICO in July 2017, priced at $0.10 per token. By the end of 2017, BNB's price had climbed to approximately $10, driven by the cryptocurrency bull run and the rapid growth of Binance. The bear market following the 2017 crypto rally affected BNB as well, with its price declining to a low of approximately $4 by the end of 2018.
BNB started recovering in 2019, gradually increasing in value. By mid-2019, BNB's price surged to a peak of around $39. However, market corrections brought its price back down to the $12-$15 range by the end of the year.
The price recovery that began in 2020 was interrupted by the collapse of the crypto market in March 2020. However, after that, the price continued to grow steadily. By the end of 2020, BNB was trading at approximately $37.
The year 2021 saw unprecedented growth for BNB, fueled by the cryptocurrency market's bull run and the rapid adoption of Binance Smart Chain. With Ethereum gas fees skyrocketing, developers and users flocked to BSC for its lower transaction costs and faster confirmations, driving demand for BNB. In May 2021, BNB reached $690.93, becoming the third-largest cryptocurrency by market capitalization. However, the subsequent market correction caused its price to decline. Following the market correction in May, BNB's price fluctuated but remained above $250 for most of the year. The token closed 2021 at approximately $510.
In 2022, the cryptocurrency market experienced another global correction and the prices of many coins, including BNB, dropped significantly. During the year, the price of BNB fell below $200 a few times, and closed the year at around $250.
In early 2023, the price showed a recovery, but from May onwards it started to fall again and reached a local low of around $205 in October 2023. The rapid growth of the crypto market that started after that led to a rise in the BNB's price, which is still going on.
BNBChain sees surge with 12M active USDT addresses in 30 days 🚀
Over the past month, BNB CHAIN recorded 12 million active USDT addresses, contributing to a total of 31.1 million unique active USDT addresses across all chains 📊BNBChain#BNB_Market_Update #BNBChainMeme #BTC #USDT