It's not an easy task to separate out "fair value" from excessive exuberance. How much is just another P&D from Korea, and how much is "real?"
One of the things that IS interesting here is that Hive made it up to $1.80 on quite low volume, and there was almost no serious sell pressure to give that a haircut. Then the volume suddenly went nuts. From were I am sitting, the actual "pump" didn't start until around maybe $1.60 or so.
Markets ARE insane, I agree entirely. I am more interested in looking at Hive and what we have here, and then looking at the development timeline and curve of Ethereum... and then the price ratio between the two. Is ETH (adjusting for number of tokens in circulation) 500x more valuable than Hive? Is BNB (after a similar adjustment) 200x more valuable than Hive?
I don't know... but those are the kinds of comparisons I find more telling than market price.
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Very interesting viewpoint. This is something that I discussed with the guys on Community Token Talk which will be out in the next day or so. Be sure to give it a listen. We issue some price predictions and used what you are describing as the basis for my model.
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I shall definitely make a point of listening in. Thanks for the heads-up!
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