Comparing the Price of Cryptocurrency from last Christmas to today

in #bitcoin6 years ago (edited)

Just taking a peak at the historical snapshots from xmas 2015 and 2016 and comparing to today......JAW ON FLOOR. The total market cap for all cryptos has multiplied 33.62 times since last Christmas. If the market cap continues just at the current rate of growth, a year from now it will be around 18 trillion. If the past is any indication of the future....we are in for a wild and life changing ride in 2018. Even running comparisons on the more conservative side.....HFB!!!! Math reveals so much and it never lies. We (people invested in Cryptos) could all very well be millionaires or well on the way to becoming millionaires in the next year. Taking my golden child NEM as an example........In The past year NEM has multiplied 279.66 times. From XMAS 2015 to 2016 NEM multiplied only 23 times. So the rate of growth (different from the amount of growth) more then 10xed (aprox) from the previous year. Regardless of what anyone thinks could happen or how ridiculously high (by todays standard) the market cap would have to be.....can you just take a minute and listen….calculate the more conservative rate of growth from 2015 to 2016 and that gives us a $23 dollar XEM coin. If we take the rate of growth from 2016 to today we get a $279 XEM. Now heres where it gets really interesting... taking the rate of growth from 2015 to 2016 and then to 2017 into consideration ......the rate of growth 10xed from 2015-2016 to 2016-2017. Hypothetically speaking, If the rate of growth 10xed again between now and next XMAS, as wild of a reality as that would be.....(we are just doing math here so this is not a prediction) ......that would mean a $2700 XEM. Again, no predictions going on here, and anyone is welcome to check my math, which was pulled from historical data on CMC. HFB!!!! Heres another example….From 2016 to today, Ripple has multiplied 156.715 times. (it didn’t do much from 2015 -2016.) If that rate of growth just stayed the same from today till next XMAS, Can you imagine a $156 dollar XRP? I can. From last xmas till today NXT multiplied 289 times. If it grows just at the current rate from today till next xmas, we are looking at a $500 NXT. I will look forward to checking back on this next XMAS and see how it added up. Crunching numbers is a great love of mine, but I’m by no means a world class mathematician. If I have failed to add any factors in these equations, feel free to correct me. Happy Holidays and Hail Satoshi. Screen Shot 2017-12-25 at 2.31.38 PM.pngScreen Shot 2017-12-25 at 2.35.10 PM.pngScreen Shot 2017-12-25 at 2.37.05 PM.png

Sort:  

Congratulations @fractalseed! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 69081.27
ETH 3757.89
USDT 1.00
SBD 3.68