This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. All coins are not created equal.While it is an interesting exercise to study the list of coins by marketcap, being relatively close in ranking does not mean being close in market cap or value.What would a coin need to do to overtake Bitcoin or Ethereum, or achieve a top position by market cap?For a coin to become the number one cryptocurrency by market cap, it needs to surpass Bitcoin’s $800B valuation. What about cracking into the top 10? 25? 100? These levels are moving targets. Further, breaking into the top 10 (or a significant level) for a moment isn't the same as establishing a position there, which is what investors are looking for from their favorite investments.Here are a few somewhat arbitrary categories for a quick experiment.Category one: “Bitcoin.” It stand in a league of its own, with a marketcap that is equal to almost the rest of the market combined. Market cap is around $800B.Category two: “Ethereum” Less than half of Bitcoin’s size, but nearly 5x larger than the next coin. Its market cap is about $360BCategory three: “The Top 10 minus Ethereum and Bitcoin” Ranging from market caps of $80B - $23B, the mean of this category is about $44B.Category four: “The Top 25” - This category excludes the top 10. Typically in crypto, it is a big deal to cross into this threshold. Right now, this category's market caps range roughly from $20B - $5B. The mean is roughly $11.5B.Category five: “The Top 50” - This category excludes the top 25. This category has a range of $6.5B - $2.5B. The coins in this category have a mean of around $4B.Category six: “The Top 100” - Market caps range from $2.5B - $700M. If you are over about $1.25B, your coin safely exists in this category.Anything smaller exists in one huge basket - risky and hard to predict.So now that we have our averages out of the way, we can begin to understand what it takes for a coin to "level up" to the next category.EGLD is an altcoin that I am invested in. At the time of writing, it sits at a $4B market cap, in position #35. EGLD needs to 3x to crack into the top 25 and stay there. That's a serious move to the upside, just to advance to the next category and move 10 spots up the list.Let's look at NEXO. Currently at #75 with a $1.2B market cap, this coin also needs about a 3x to break into the top 50. While market cap is one simple metric, using this method, you can roughly see how much your coins need to appreciate in order to “level up.” The higher up the chart your coin can climb, the more stable and likely to be successful it is. Keep this in mind when deciding which coins to invest in.In This Issue:Leveling UpEthereum Progresses Towards Key Catalysts - IntoTheBlockBitcoin Thoughts And AnalysisNever Add To A Losing TradeEl Salvador Postpones Bitcoin BondsWill Honduras Make Bitcoin Legal Tender?Florida Is Becoming Crypto FriendlyMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #463 - Leveling Up
The Wolf Den #463 - Leveling Up
The Wolf Den #463 - Leveling Up
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. All coins are not created equal.While it is an interesting exercise to study the list of coins by marketcap, being relatively close in ranking does not mean being close in market cap or value.What would a coin need to do to overtake Bitcoin or Ethereum, or achieve a top position by market cap?For a coin to become the number one cryptocurrency by market cap, it needs to surpass Bitcoin’s $800B valuation. What about cracking into the top 10? 25? 100? These levels are moving targets. Further, breaking into the top 10 (or a significant level) for a moment isn't the same as establishing a position there, which is what investors are looking for from their favorite investments.Here are a few somewhat arbitrary categories for a quick experiment.Category one: “Bitcoin.” It stand in a league of its own, with a marketcap that is equal to almost the rest of the market combined. Market cap is around $800B.Category two: “Ethereum” Less than half of Bitcoin’s size, but nearly 5x larger than the next coin. Its market cap is about $360BCategory three: “The Top 10 minus Ethereum and Bitcoin” Ranging from market caps of $80B - $23B, the mean of this category is about $44B.Category four: “The Top 25” - This category excludes the top 10. Typically in crypto, it is a big deal to cross into this threshold. Right now, this category's market caps range roughly from $20B - $5B. The mean is roughly $11.5B.Category five: “The Top 50” - This category excludes the top 25. This category has a range of $6.5B - $2.5B. The coins in this category have a mean of around $4B.Category six: “The Top 100” - Market caps range from $2.5B - $700M. If you are over about $1.25B, your coin safely exists in this category.Anything smaller exists in one huge basket - risky and hard to predict.So now that we have our averages out of the way, we can begin to understand what it takes for a coin to "level up" to the next category.EGLD is an altcoin that I am invested in. At the time of writing, it sits at a $4B market cap, in position #35. EGLD needs to 3x to crack into the top 25 and stay there. That's a serious move to the upside, just to advance to the next category and move 10 spots up the list.Let's look at NEXO. Currently at #75 with a $1.2B market cap, this coin also needs about a 3x to break into the top 50. While market cap is one simple metric, using this method, you can roughly see how much your coins need to appreciate in order to “level up.” The higher up the chart your coin can climb, the more stable and likely to be successful it is. Keep this in mind when deciding which coins to invest in.In This Issue:Leveling UpEthereum Progresses Towards Key Catalysts - IntoTheBlockBitcoin Thoughts And AnalysisNever Add To A Losing TradeEl Salvador Postpones Bitcoin BondsWill Honduras Make Bitcoin Legal Tender?Florida Is Becoming Crypto FriendlyMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO