# Valuation Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Valuation", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

If Ozak AI Follows Its Current Trajectory, 2026–2028 Could Mark the Most Profitable Window for Early Holders

As attention in the crypto market shifts from short-term speculation to long-term positioning, analysts are increasingly focused on when value creation will occur. For Ozak AI, forecasts suggest the 2026–2028 period could be the most profitable window for early holders if the project maintains its current growth path. This outlook is based on roadmap timing, AI-sector expansion cycles, and historical trends in crypto infrastructure adoption. Analysts believe the next major crypto expansion will be driven by functional AI infrastructure, with adoption accelerating from 2026 and peaking toward 2028. Ozak AI’s roadmap is aligned with this timeline, featuring progressive deployment of AI-native infrastructure like Prediction Agents, Ozak Stream Network, EigenLayer AVS integration, Arbitrum Orbit, and Data Vaults. By mid-to-late 2026, these components are expected to operate at scale, transitioning the platform into a usage-driven ecosystem. Early holders benefit from low entry valuations, exposure before full deployment, and positioning ahead of peak AI-driven demand. Macro trends also support this thesis, including growing enterprise interest in decentralized AI, regulatory shifts toward transparent systems, and accelerating demand for real-time data intelligence. Valuation models indicate the most significant expansion may occur when AI infrastructure becomes indispensable, making early positioning a long-duration strategy rather than a short-term trade. In summary, if execution continues as planned, 2026–2028 could define Ozak AI’s most profitable phase for early holders, driven by converging technology, timing, and sector momentum.

TheNewsCrypto2 days ago 12:52

If Ozak AI Follows Its Current Trajectory, 2026–2028 Could Mark the Most Profitable Window for Early Holders

TheNewsCrypto2 days ago 12:52

Fintech vs. DeFi: Which Financial System Is More Competitive?

The article presents a comparative analysis between Fintech and DeFi (Decentralized Finance) across key metrics like revenue, scale, user numbers, and take rates. It highlights that DeFi protocols are rapidly closing the gap with traditional Fintech in terms of transaction volume, user base, and asset scale. For instance, Hyperliquid’s trading volume reached over 50% of Robinhood’s, Aave’s lending volume surpassed Klarna’s, and stablecoin payment channels are growing significantly faster than traditional payment processors. However, DeFi captures far less economic value due to substantially lower take rates. The piece concludes that convergence is inevitable, posing the central question: Will crypto learn to build tollbooths (monetization), or will Fintech adopt open, decentralized rails? The answer likely involves both trends evolving simultaneously.

marsbit2 days ago 06:56

Fintech vs. DeFi: Which Financial System Is More Competitive?

marsbit2 days ago 06:56

Ethereum Repricing: From Rollup-Centric to 'Security Settlement Layer'

Ethereum is undergoing a fundamental strategic shift, moving from a "Rollup-Centric" scaling model to establishing itself as a global "Security Settlement Layer." This pivot, signaled by Vitalik Buterin's reflections, acknowledges the slower-than-expected decentralization of Layer 2s (L2s) and the increasing throughput of the mainnet (L1). The core value proposition is no longer just scalability but also security, neutrality, and predictability. Key changes include: * **L1-First Paradigm:** The original assumption that L2s would be the primary scaling solution is fading as L1's capacity grows. * **L2s as a Trust Spectrum:** L2s are now viewed as a spectrum of networks with varying levels of trust and security, rather than uniform "branded shards" of Ethereum. * **Value Shift to "Settlement Sovereignty":** ETH's value is increasingly derived from its role as the foundational asset and secure settlement layer for the entire ecosystem, not just transaction fees. * **Protocol-Integrated Scaling:** Scaling efforts are focusing more on native, protocol-level solutions for verification and security, potentially reshaping the L1-L2 relationship. * **Valuation Model Restructuring:** The valuation framework for ETH is shifting from a cash-flow model (emphasizing fees) to an asset premium model (emphasizing security and institutional credibility). The article draws a historical analogy to the U.S. Constitution's creation, framing Ethereum's evolution as a move from a confederation of fragmented L2 "states" to a unified "digital nation" with L1 at its core, enforcing standards and capturing value through settlement. A new valuation model is proposed, weighting four key value quadrants: Security/Settlement Layer (45%), Monetary Properties (35%), Platform/Network Effects (10%), and Protocol Revenue (10%). This model dynamically adapts to macro conditions. The path to an "institutional second curve" is also explored, where ETH transitions from a speculative asset to a yield-generating, utility-based asset for traditional finance, further solidifying its long-term value foundation.

marsbit2 days ago 04:06

Ethereum Repricing: From Rollup-Centric to 'Security Settlement Layer'

marsbit2 days ago 04:06

SBI Holdings Rejects $10B XRP Claim, Clarifies 9% Ripple Equity

SBI Holdings CEO Yoshitaka Kitao clarified that the company does not hold $10 billion in XRP tokens, refuting a recent claim. Instead, SBI owns more than 9% equity in Ripple Labs, estimated to be worth around $3.6 billion. Kitao emphasized that this stake provides strategic value and reduces exposure to XRP's price volatility, calling it a "hidden asset." He also confirmed SBI's recent acquisition of a majority stake in regulated crypto exchange Coinhako to strengthen its position in Asia, potentially supporting Ripple's ecosystem. Meanwhile, Ripple CEO Brad Garlinghouse expressed confidence in Ripple becoming a trillion-dollar company, despite XRP's recent price decline of over 6% in 24 hours, trading at $1.48.

TheNewsCrypto02/16 16:42

SBI Holdings Rejects $10B XRP Claim, Clarifies 9% Ripple Equity

TheNewsCrypto02/16 16:42

Did SBI Holdings Really Buy $10 Billion Worth Of XRP? CEO Reveals The Real Figure

Speculation that SBI Holdings acquired $10 billion worth of XRP was refuted by CEO Yoshitaka Kitao. The claim, which originated from social media, misrepresented the company’s actual exposure. Instead of holding XRP directly, SBI maintains indirect exposure through a 9% equity stake in Ripple Labs, valued at an estimated $4.5 billion based on Ripple’s $50+ billion valuation. This strategic partnership supports Ripple’s expansion in Asia and involvement in institutional payment initiatives, without the volatility risks of direct token ownership.

bitcoinist02/16 16:32

Did SBI Holdings Really Buy $10 Billion Worth Of XRP? CEO Reveals The Real Figure

bitcoinist02/16 16:32

SBI CEO Calls Ripple Stake A ‘Hidden Asset,’ Hints It Could Be Much Bigger

SBI Holdings CEO Yoshitaka Kitao refuted a viral claim that the company holds $10 billion in XRP, clarifying that its true "hidden asset" is its 9% equity stake in Ripple Labs. He emphasized that Ripple's overall valuation—including its ecosystem—could be enormous, making SBI's stake significantly more valuable than its XRP holdings. Community estimates suggest Ripple's valuation could exceed $50 billion, valuing SBI's stake at over $4.5 billion with substantial future upside. SBI's long-term strategic partnership with Ripple, including investments dating back to 2016, underpins this position. At the time of reporting, XRP traded at $1.46.

bitcoinist02/16 12:02

SBI CEO Calls Ripple Stake A ‘Hidden Asset,’ Hints It Could Be Much Bigger

bitcoinist02/16 12:02

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Coinbase reported a net loss of $667 million in Q4 2025, with revenue of $1.78 billion falling short of expectations. Despite this, its stock surged 16.46% the next day, reflecting short-term market optimism. However, analysts caution against investing in Coinbase at this time, citing high cyclicality and near-term headwinds. Revenue is split between transaction-based income (56%) and subscription/services (44%). Transaction revenue relies heavily on retail trading spreads, which are under pressure due to declining crypto prices and reduced volatility. Subscription revenue, led by USDC interest income and staking, offers diversification but remains sensitive to interest rates and market conditions. Key debates include whether Coinbase can reduce its dependence on crypto market cycles, the sustainability of stablecoin profits, and the impact of future regulations. While the company holds a dominant position in the U.S. market due to its regulatory compliance and trust, it faces growing competition from decentralized exchanges globally. Analysts project underperformance in 2026, with earnings potentially 14% below consensus due to compressed client assets and trading activity. Although regulatory clarity may benefit Coinbase long-term, it is unlikely to offset immediate financial pressures. Valuation scenarios range from a negative IRR in a bear case to a high IRR in an optimistic rebound, but near-term risks currently outweigh potential returns.

Odaily星球日报02/14 06:03

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Odaily星球日报02/14 06:03

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

Coinbase and Robinhood faced significant challenges in Q4 2025, revealing their continued heavy dependence on cryptocurrency market cycles despite efforts to diversify. Robinhood reported record annual revenue of $4.5 billion and a net profit of $1.9 billion, with strong growth in traditional trading and options. However, its crypto transaction revenue plummeted 38% year-over-year to $221 million, and app trading volume fell 57% in January 2026. Despite its broader financial offerings, the market still views Robinhood as a Bitcoin-dependent asset, causing its stock to drop 50% from recent highs. Coinbase experienced a steeper decline, with revenue falling 21.6% to $1.78 billion and a net loss of $667 million due to crypto asset depreciation. Retail trading volume collapsed to $59 billion, far below institutional volume of $237 billion. While stablecoin revenue and institutional services provided some support, the sharp drop in high-fee retail activity exposed Coinbase’s vulnerability to crypto market downturns. Both companies illustrate the broader industry issue: declining active users and over-reliance on crypto volatility. Their valuations remain tightly correlated to Bitcoin’s performance. Key takeaways include the necessity of stable revenue streams (like interest and stablecoins), excess infrastructure amid shrinking user demand, and the urgent need for sustainable business models beyond pure crypto speculation. Survival in 2026 will depend on financial resilience rather than growth.

比推02/13 05:43

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

比推02/13 05:43

Software Stocks Plunge 20%, But I'm Heavily Invested in Adobe and Salesforce

Last week, the software sector lost $1 trillion in market value, with stocks like Shopify, Atlassian, Salesforce, and Adobe plunging. The sell-off was triggered by Anthropic's release of Claude Cowork and OpenAI's similar tools, sparking fears that AI would disrupt traditional software companies. However, the author argues this reaction is irrational panic, drawing parallels to past overreactions: Google’s 40% drop after ChatGPT, Meta’s 70% decline due to TikTok, and Nvidia’s 30% fall after DeepSeek—all of which later rebounded significantly. The author believes established software firms have strong defenses: high switching costs, deep AI integration capabilities, and entrenched trust with enterprise clients. On Thursday, they bought Adobe, Salesforce, ServiceNow, and Microsoft, citing low valuations and robust fundamentals. Adobe trades at half its historical P/E, with $5B in AI revenue. Salesforce’s AI products grew rapidly, and ServiceNow’s subscriptions rose 21% last quarter. Microsoft, despite its OpenAI stake, is undervalued with the lowest P/E among Magnificent Seven stocks. The author views this as a market overreaction and a buying opportunity for high-quality companies.

marsbit02/12 07:18

Software Stocks Plunge 20%, But I'm Heavily Invested in Adobe and Salesforce

marsbit02/12 07:18

Here’s The Mistake Most People Are Making With XRP; Pundit Reveals

A prominent XRP supporter, BarriC, argues that the biggest mistake in evaluating the token is using a retail trading framework to predict its future value. He contends that XRP has only existed in a speculative environment shaped by typical crypto market cycles, which doesn't account for its potential integration into global financial infrastructure. Critics often cite unrealistic market capitalization requirements for high price targets like $1,000 or $10,000. However, BarriC dismisses market cap as a limiting factor, stating that if XRP becomes a necessity for global payments—potentially replacing SWIFT and handling trillions in transactions—its valuation would be driven by utility and demand, not speculation. This shift would fundamentally change how the asset is priced.

bitcoinist02/12 03:32

Here’s The Mistake Most People Are Making With XRP; Pundit Reveals

bitcoinist02/12 03:32

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