Topic: Simple Price prediction Formula am i right ? (Read 141 times)
The market is far more complex than that and you won't be able to predict anything with that formula. Especially not for coins with unclear value.
just use an indicator in your charts and combine with the news from altcoin that you will predict the price,,
just keep it simple my friends
just keep it simple my friends
Most of the predictions and formulars don't work with cryptocurrency trading. It's more dependend on different news, forks, pumps etc than on a trading theory. Though sometimes the theory works, but another day it can be just the oppisite. Of course it's obvious that with a rise of a cap the price of a token will grow, but how would you know will the cap grow or not?
So for example is i want to predict the future of lets say LTC i would do the following
- Pick a any date and Note the MKT Cap and Price
- Then Assume a Future MKT cap and Multiply it by the Price of the coin in the Date
- Then divide it by the MKT Cap of the Date
- Just a rough estimate of what the coin price might look like with a different MKT Cap
SO THE EXAMPLE GOES LIKE THIS (NOT ACTUAL LTC NUMBERS ) ------ 10,000,000 = 0.06
32,555,555 = X
--------------------------------------------- 32,555,555 times 0.06 = 1,953,333
--------------------------------------------- 1,953,333 divided by 10,000,000 = 0.19 cents (new coin price with predicted MKT cap)
This is just a rough estimate, i also have to take in consideration the total supply and circulating supply , those actually determine the price of the coin a bit better in my opinion. Low Supply With high circulating supply increase the value of a coin.
- Pick a any date and Note the MKT Cap and Price
- Then Assume a Future MKT cap and Multiply it by the Price of the coin in the Date
- Then divide it by the MKT Cap of the Date
- Just a rough estimate of what the coin price might look like with a different MKT Cap
SO THE EXAMPLE GOES LIKE THIS (NOT ACTUAL LTC NUMBERS ) ------ 10,000,000 = 0.06
32,555,555 = X
--------------------------------------------- 32,555,555 times 0.06 = 1,953,333
--------------------------------------------- 1,953,333 divided by 10,000,000 = 0.19 cents (new coin price with predicted MKT cap)
This is just a rough estimate, i also have to take in consideration the total supply and circulating supply , those actually determine the price of the coin a bit better in my opinion. Low Supply With high circulating supply increase the value of a coin.
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