Assuming the total market value of the cryptocurrency market is 6 trillion, how should this pie be divided?
First, the BTC.D (Bitcoin Dominance Index) in the Shanzhai Season has dropped to about 40%, or 2.4 trillion, and the coin price is about 126,000 dollars, which is also in line with the reasonable estimated target of everyone!
But the remaining pie of 3.6 trillion (60%) is very embarrassing. First, let's take the king of memes, DOGE as an example. In the last round, the highest coin price was 0.73, and Dogecoin accounted for 4% of the total encrypted market value!
But now the meme sector only accounts for 2% of the total cryptocurrency market value, and Dogecoin only accounts for 30% of the total market value of the meme sector!
Assuming that memes can account for 3% of the total cryptocurrency market value in the bull market, Dogecoin will also account for 30% of the total meme market value (this does not take into account the endless new memes in the future) Dogecoin market value 6T*3%*0.3, the corresponding coin price is about 0.3 dollars, which is the limit!
In 2021, there were very few meme choices, so DOGE could account for more than 80% of the meme market value, but now it is impossible!
