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Market is shaped by : fundamental, macro event and sentiment.
Crypto market is very indifferent with fundamental, the latter two matter more
Macro events I think matters the most in next 6 months are - Bitmain IPO outlook, Telegram’s deliverable and Bakkt debut (cont.
Crypto market is very indifferent with fundamental, the latter two matter more
Macro events I think matters the most in next 6 months are - Bitmain IPO outlook, Telegram’s deliverable and Bakkt debut (cont.
Bitmain IPO most likely will fail/expire. It needs time to consolidate/sort out internal issue so re-filing won’t be a a near term thing.
Bitmain has been considered as a crypto blue chip/proxy to crypto by capital market. This will set a bearish sentiment once it’s confirmed
Bitmain has been considered as a crypto blue chip/proxy to crypto by capital market. This will set a bearish sentiment once it’s confirmed
Telegram’s ICO is effectively its IPO. It’s massive raise will set an equally high expectation for its deliverable.
TBH TG has a great product and solid user base, as a regular company acquisition price can be easily a few billion given WhatsApp is a 19B deal
TBH TG has a great product and solid user base, as a regular company acquisition price can be easily a few billion given WhatsApp is a 19B deal
However company valuation is completely different than token valuation, if it’s a proprietary payment token/clearing house token its valuation can be tricky.
Telegram, at least in its 150 pages white paper, claimed to build an entire smart contract platform too
Telegram, at least in its 150 pages white paper, claimed to build an entire smart contract platform too
