Coinbase
A world-renowned Crypto currency exchange, will be listed on the Nasdaq on April 14. According to conservative estimates, the market value of Coinbase will reach 100 billion US dollars.
This incident will directly inject a boost to all exchange token trends.
First, it will stimulate the token prices of the three major exchanges that are also centralized exchanges: BNB, HT and OKB.
Let’s take BNB as an example. Its total circulation is 200 million (after multiple rounds of repurchase and destruction, the total is now less than 200 million). If you simply compare it with the market value of Coinbase, the price of BNB is approximately That's 500 dollars. We can't make a final conclusion on whether this price will actually be reached, but I believe the market must have strong expectations about it.
The prices of HT and OKB will be boosted by this expectation.
Secondly, it will stimulate the price of all DEX (decentralized exchange) tokens. The first of these is UNI, which has entered the top ten.
We also benchmarked by market value. The total issuance of UNI is 1 billion. If the market value is to reach 100 billion U.S. dollars, the price of its token is expected to be 100 U.S. dollars. As of the time of writing, the price of UNI was less than $30. So taking this expectation as a reference, the imagination space here is not small.
Other DEXs such as sushi, BAL, CRV will all be boosted by this sentiment.
The collective rise of DEX will drive the rise of other DeFi sectors.
That is, in the foreseeable future, we will see another outbreak of DeFi.
The above analysis of the subsequent trends of these sectors is based on Coinbase's expected valuation of 100 billion U.S. dollars. However, since the timing of Coinbase's listing is in the current environment where the US dollar is released, I estimate that various stakeholders will give it more room for imagination.
How to make it? Benchmark Tesla's P/E ratio.
Coinbase's market value is expected to be 100 billion U.S. dollars, and its price-to-earnings ratio is more than 300 times. If you put it in the traditional industry, this price-earnings ratio is amazing, but if it is compared with Tesla's highest price-earnings ratio of 1,320 times, it is nothing. So this leaves enough room for stakeholders to create imagination.
If this is exploited, the market value of Coinbase may still have room to rise, which will again stimulate the price of the three major institutions and DeFi tokens.
The above analysis of the price of each token is only an estimate, we can only leave time to test what the market will eventually become. But then the basic law of the market trend is clear:
That is, the two leading players of Bitcoin and Ethereum have risen again to make room for other currencies. On the other hand, the listing of Coinbase will give other currencies a boost to stimulate them to keep up.