Etherum at $ 900, XRP at $ 500, and Solana to $ 3,400? Analyst says it is not possible – TradingView News

CRIPTOCURRENCE PRICES starts to grind through the period of slow, but constant gains in the past 48 hours, and Bitcoin took the charge again and most Altcoins lags behind in recovery. In a recent post on the KS platform, Popular Bitcoin Makilimast and Director General Jan3, Samson Skin, described the wrong nature of the bias unit among Altcoin.

According to mow, Etherum to $ 9,200, XRP at $ 500, and Solana to $ 3,400 is practically impossible, given the current offer of these tokens.

Unit bias and marketplace: Numbers do not lie

MOV’s post on X challenges how investors see altcoin value like Ethereum, XRP and Solana. He proposed a reframination of AllCoin assessment by applying the Bitcoin offer model to them. Bitcoin was created with a total possible circulating offer of 21 million units, with 19.85 million those who are currently in circulation.

At the time of writing, one unit of 21 million Bitcoin traded around $ 88,000. This price could be too much for retailers. As such, the idea that the KSRP or Solana’s own unit feels more accessible to retailers and retailers compared to the purchase of part of bitcoin with the same capital.

To exhibit how misleading this way it could be, mow Remages Altcoin values ​​shared its total market capital Bitcoin’s 21 million supply cap. This is basically asking what a unit of this property would cost that they had the same scarcity of offer as Bitcoin. Based on current market caps, Etherum would be during 9,200 $ 9,200, XRP in the amount of $ 500 and Solana to $ 3,400.

Given the current price of Ethereum, Solana and KSRP, these figures are unrealistic and reveal how much Allcoin complaint runs by the unit, not in real value. In addition, it shows that Bitcoin has a better basis and scarcity in its supply dynamics.

The bitcoin dominance narrative becomes stronger

For hair and other maximals, inequality in Bitcoin offers and that Altcoyne is popular is another reason why Bitcoin domination will probably become stronger in the long run. Pretty inflow in the video of the Bitcoin ETF and increasing recognition between traditional funding investors strengthen the case that Bitcoin’s dominance passed forward.

Mateau, sloping perspective stands in contrast to the prospects held by some analysts who continue to predict the incoming season of Altcoin. These analysts believe that Bitcoin Domination, despite the currently sitting at an annual level of 63.5%, can be on the edge of a turnaround. One significant technical analysis even projected a sharp decline in dominance according to 40% brands in the coming months.

At the time of writing, Bitcoin trades $ 88,530, by 1.3% in the last 24 hours. Etherum trades $ 1,620, which is a decline of 1.5% in the same period. Solana brought 0.5% to $ 140, and the KSRP trades in $ 2.09 after falling 1.63% in the past day.