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The RHODL ratio.
A significant indicator for identifying market peak timing is the #RHODL ratio. The RHODL ratio calculates the comparison between 1-week RHODL bands and 1-2 year RHODL bands. This ratio is based on the increase in the Bitcoin supply itself.
When the RHODL ratio is at its lowest point, it indicates potential market bottom, while if RHODL is in the "overheated" zone, it signals potential significant corrections as the market reaches its peak.
In history, markets reached peaks in 2011, 2014, and 2018 when RHODL was in the red zone. However, at the peak in 2021, there was a deviation from the RHODL ratio prediction.
Considering other cycles besides 2021, the $100k target for #Bitcoin seems insignificant. The sky appears to be an easily achievable limit!
A significant indicator for identifying market peak timing is the #RHODL ratio. The RHODL ratio calculates the comparison between 1-week RHODL bands and 1-2 year RHODL bands. This ratio is based on the increase in the Bitcoin supply itself.
When the RHODL ratio is at its lowest point, it indicates potential market bottom, while if RHODL is in the "overheated" zone, it signals potential significant corrections as the market reaches its peak.
In history, markets reached peaks in 2011, 2014, and 2018 when RHODL was in the red zone. However, at the peak in 2021, there was a deviation from the RHODL ratio prediction.
Considering other cycles besides 2021, the $100k target for #Bitcoin seems insignificant. The sky appears to be an easily achievable limit!
Hedera: The Most Comprehensive Project in the Cryptocurrency Market
Hedera ( $HBAR ) is considered one of the projects with a bullish outlook in 2024. It is currently relevant to two major narratives in the market: Real World Assets ( #RWA ) and Central Bank Digital Currency ( #CBDC ) , which are expected to materialize in Q4 2024. Similar to Quant, it addresses two significant themes at once.
In terms of tokenomics, the project is already stable with a substantial market capitalization and over 50% of tokens already in circulation. Despite this stability, in the current supermegacycle, there is still a high possibility for Hedera to experience a doubling in price.
Hedera has also been observed to undergo a significant increase in Total Value Locked (TVL) of up to 146% YTD.
Additionally, Hedera boasts a #DeFi platform called HBAR Suites, where the USDC within its protocol is experiencing significant growth.
This summarizes the bullish case for Hedera ( $HBAR ) in 2024.
In terms of tokenomics, the project is already stable with a substantial market capitalization and over 50% of tokens already in circulation. Despite this stability, in the current supermegacycle, there is still a high possibility for Hedera to experience a doubling in price.
Hedera has also been observed to undergo a significant increase in Total Value Locked (TVL) of up to 146% YTD.
Additionally, Hedera boasts a #DeFi platform called HBAR Suites, where the USDC within its protocol is experiencing significant growth.
This summarizes the bullish case for Hedera ( $HBAR ) in 2024.
