# Сопутствующие статьи по теме Valuation

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Valuation", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Tiger Research: Policy Catalysts and Liquidity Expansion Lock Bitcoin Valuation at $185,500 by Q1 2026

Tiger Research maintains a bullish outlook on Bitcoin, setting a Q1 2026 price target of $185,500, representing approximately 100% upside from current levels. The report cites a supportive macro backdrop, including continued Fed rate cuts and expanding global M2 liquidity, though the macro adjustment factor has been revised down to +25% from +35% due to slowing institutional inflows and geopolitical risks. Key catalysts include the potential passage of the CLARITY Act, which could bring major banks into the digital asset space. On-chain analysis indicates a solid support floor at $84,000 and resistance near $98,000, with metrics like MVRV-Z suggesting the market is at fair value. Despite recent ETF outflows and a 12% price correction, the overall market structure is deemed healthy, with corporate buying from entities like MicroStrategy providing consistent demand. The long-term bullish thesis remains intact.

marsbit01/19 13:58

Tiger Research: Policy Catalysts and Liquidity Expansion Lock Bitcoin Valuation at $185,500 by Q1 2026

marsbit01/19 13:58

Why I Am Not Bullish on Ethereum at Its Current State?

Why I'm Not Bullish on Ethereum at Current Prices The author expresses skepticism about Ethereum's current valuation, not its long-term business growth potential (user base and transaction volume are expected to increase). The author believes the price is too high relative to its fundamentals, based on the following analysis: - Active users and transaction counts have reached new highs but are growing slower than some leading e-commerce platforms. - Monthly transaction fees are only 0.6% of the previous cycle's peak, and average fees per transaction are 0.5% of previous highs. This slow growth comes at the cost of drastically reduced service prices, which is unfavorable in any industry. - If Ethereum is viewed as a company selling block space, its price-to-fee (PF) ratio exceeds 2,000x and its price-to-sales (PS) ratio exceeds 10,000x. It has negative net profit, so no P/E ratio exists. In comparison, traditional cloud service companies have P/E ratios of 20-30 and single-digit PS ratios. - If considered a commodity (like digital oil), Ethereum faces competition from other chains and rollups offering similar services. Its value proposition may not justify such a high premium, especially as its narrative as a store of value (like Bitcoin) has faded. - There is a lack of new, product-market-fit crypto native applications this cycle, leading to oversupply of block space and stagnant growth in the public chain sector. - Grand visions of Ethereum becoming a decentralized "Wall Street on-chain" lack supporting data and factual evidence. The author advocates for investment based on rationality, not belief or hype, and suggests waiting for concrete data before buying into this narrative.

marsbit01/19 09:08

Why I Am Not Bullish on Ethereum at Its Current State?

marsbit01/19 09:08

Crypto Bank Anchorage Digital Targets $400M Funding Ahead Of IPO

Anchorage Digital, a federally chartered crypto bank, is seeking to raise $200–$400 million in new funding as it prepares for a potential public listing. This move aims to strengthen its business and position it among the few regulated crypto-native companies to go public. The firm, last valued at over $3 billion, leverages its federal charter to offer custody services perceived as safer for institutional clients. Anchorage is also expanding its stablecoin offerings and exploring new partnerships to broaden its product suite. Market observers note growing institutional demand for regulated crypto services, with a possible IPO as early as next year. The successful funding and listing would signal confidence in crypto firms with bank-style oversight.

bitcoinist01/18 14:01

Crypto Bank Anchorage Digital Targets $400M Funding Ahead Of IPO

bitcoinist01/18 14:01

Tiger Research: Policy Catalyst and Liquidity Expansion, Bitcoin Valuation Pegged at $185,500 for Q1 2026

Tiger Research maintains a bullish outlook on Bitcoin, setting a Q1 2026 price target of $185,500, representing approximately 100% upside from current levels. The report cites a supportive macro backdrop, including continued Fed rate cuts and expanding global M2 money supply, though the macro adjustment factor has been reduced from +35% to +25% due to slower institutional inflows and geopolitical risks. Key on-chain indicators suggest a neutral market, with strong support at $84,000 and resistance near $98,000. The potential passage of the CLARITY Act is highlighted as a major regulatory catalyst that could bring traditional financial institutions into the market. Despite recent ETF outflows, the overall market structure is deemed healthy, with a gradual rebalancing rather than panic-driven selling.

marsbit01/18 12:04

Tiger Research: Policy Catalyst and Liquidity Expansion, Bitcoin Valuation Pegged at $185,500 for Q1 2026

marsbit01/18 12:04

$200 Million Investment in MrBeast's Company: Top Creator MrBeast Becomes Tom Lee's Trump Card

Investment firm BitMine Immersion Technologies (BMNR), led by Wall Street analyst Tom Lee, has announced a $200 million investment into Beast Industries, the parent company of top YouTube creator MrBeast (Jimmy Donaldson). The deal signals a strategic move toward integrating decentralized finance (DeFi) into Beast Industries’ upcoming financial services platform. MrBeast, with over 460 million subscribers and 100 billion views, has built a massive media empire through high-cost, high-impact videos, often spending $3–5 million per video. Despite annual revenues of around $400 million, his content business operates with thin margins. His profitable venture, Feastables—a chocolate brand with $250 million in annual sales—provides a stable cash flow and retail presence. MrBeast has openly discussed his “cash-poor” status, reinvesting nearly all earnings back into content and expansion. His approach prioritizes growth and audience retention over short-term profitability. The partnership with Tom Lee and BMNR suggests a deeper foray into financial infrastructure, potentially involving DeFi solutions for payments, programmable accounts, and decentralized asset management. This move could redefine the relationship between creators, audiences, and financial ecosystems—though it also carries risks regarding user trust and regulatory complexity. At 27, MrBeast continues to leverage his unprecedented influence to explore new frontiers, now entering the world of crypto and decentralized finance.

marsbit01/18 05:37

$200 Million Investment in MrBeast's Company: Top Creator MrBeast Becomes Tom Lee's Trump Card

marsbit01/18 05:37

XRP Burn Rate: Here’s How Many Coins Are Gone Forever

XRP's circulating supply is a frequent topic, particularly regarding its potential for high price points. Recent data highlights a steady reduction in total supply due to the token's built-in burn mechanism. Unlike discretionary burns, the XRP Ledger permanently destroys a small amount of XRP with every transaction as a fee. Over the past 806 days, over 2.58 million XRP have been burned, reducing the total supply from 99,988,313,728 to approximately 99,985,726,061—a rate of over 3,200 XRP destroyed daily. While this burn rate is minimal compared to XRP's 100 billion maximum supply, it demonstrates consistent on-ledger usage and a deflationary trend. The entire XRP supply was pre-mined at inception, and its fixed, decreasing supply contrasts with inflationary cryptocurrencies like Ethereum or Dogecoin. This design, along with Ripple's focus on payments and financial infrastructure, reflects an institutional preference for supply certainty. Some analysts argue that large-scale adoption and trillions in flow could drive significant price appreciation, with $100 per XRP seen as a functional necessity for global usage.

bitcoinist01/17 07:03

XRP Burn Rate: Here’s How Many Coins Are Gone Forever

bitcoinist01/17 07:03

Goldman Sachs Predicts 11% Return: How Far Can the Optimistic Cycle of Global Stock Markets Go?

Goldman Sachs Research forecasts an 11% total return (including dividends, in USD terms) for global equities over the next 12 months, anticipating a continued but more moderate bull market into 2026. While valuations are at historical highs following last year's strong performance, the rally is expected to be driven by corporate earnings growth and sustained economic expansion rather than further multiple expansion. A key theme is the importance of diversification. Investors benefited in 2025 from geographic diversification, a trend expected to continue and broaden to include factors (growth vs. value) and sectors. The analysis suggests the market is in an "optimism" phase of the cycle, which typically carries upside risk to valuations. The report highlights that while AI enthusiasm remains high, it does not constitute a bubble. The tech sector's dominance is supported by superior earnings growth, and the valuation gap between the largest tech stocks and the rest of the market is far smaller than during previous bubbles. Investors are advised to seek alpha opportunities through stock selection as correlations decrease and to consider non-tech companies that may benefit from AI-driven capital expenditure.

比推01/14 14:00

Goldman Sachs Predicts 11% Return: How Far Can the Optimistic Cycle of Global Stock Markets Go?

比推01/14 14:00

After the Implementation of Uniswap's Fee Switch: Is This DeFi Transformation's 'Report Card' Impressive Enough?

Uniswap's fee switch activation, implemented through the "UNIfication" proposal, marks a pivotal shift in its tokenomics by linking UNI tokens directly to protocol usage and revenue. Previously a governance-only asset, UNI now accrues value through a deflationary mechanism where a portion of protocol fees from Uniswap V2, V3, and Unichain is used to programmatically burn UNI tokens. An initial one-time treasury burn of 100 million UNI was executed to compensate holders for past unaccrued fees. Early data indicates an annualized protocol revenue of approximately $26-27 million, resulting in a revenue multiple of around 207x relative to UNI’s $5.4 billion market capitalization. The current annualized burn rate is estimated at 4-5 million UNI, representing only 0.4% of the circulating supply. This high valuation implies strong market expectations for future growth, requiring expanded fee capture—such as broader pool coverage, V4 hooks, and Unichain optimization—to justify current levels. The move reflects a broader DeFi trend toward "fee-hooked" token models, where tokens are designed to better align holders with protocol economics through mechanisms like burns, staker rewards, or ve-token lockups. This transition makes UNI more analytically grounded but also subjects it to greater scrutiny based on sustainable value accumulation and real yield generation. Regulatory developments regarding revenue-sharing tokens will also play a critical role in shaping its future.

marsbit01/14 10:05

After the Implementation of Uniswap's Fee Switch: Is This DeFi Transformation's 'Report Card' Impressive Enough?

marsbit01/14 10:05

Goldman Sachs Predicts: Global Stock Markets Expected to Deliver 11% Return Over Next 12 Months

Goldman Sachs Research forecasts an 11% total return (including dividends, in USD) for global equities over the next 12 months, anticipating the bull market to continue into 2026. This growth is expected to be primarily driven by corporate earnings and economic expansion, rather than further valuation increases, as current valuations are already at historical highs across major markets. The report, led by Chief Global Equity Strategist Peter Oppenheimer, highlights that diversification was a key theme in 2025 and will remain crucial in 2026. Last year, investors benefited from geographic diversification, with non-US markets outperforming. This trend is expected to continue, extending to style (growth vs. value) and sector diversification. While the market is in an "optimism" phase of the cycle, the AI-driven tech rally is not considered a bubble, as valuations for the largest companies remain below extreme historical levels. The analysts also suggest that investors look for alpha opportunities in non-tech sectors and companies benefiting from tech capital expenditure and the broader adoption of AI.

marsbit01/14 10:02

Goldman Sachs Predicts: Global Stock Markets Expected to Deliver 11% Return Over Next 12 Months

marsbit01/14 10:02

Crypto Morning Brief: CoinGecko Considers Sale at Approximately $500 Million Valuation, Privacy Protocol Zama Launches Token Sale

CoinGecko is reportedly considering a sale at a valuation of around $500 million, with investment bank Moelis handling the process. In other major news, privacy protocol Zama launched a token sale with a floor valuation of $55 million, distributing 12% of its total 1.1 billion ZAMA tokens through a sealed-bid Dutch auction. Key market developments include the U.S. December CPI meeting expectations at 2.7% year-over-year, with analysts suggesting it won’t immediately alter the Federal Reserve’s current wait-and-see stance on rate cuts. U.S. Senate committees have rescheduled hearings on crypto market structure bills to late January. Other notable updates: PancakeSwap proposed reducing the max supply of CAKE from 450 million to 400 million tokens; ETHGas revealed its tokenomics with a 10 billion GWEI supply; Grayscale added several new assets to its consideration list; and YZi Labs made a multi-million dollar investment in Genius Trading, with Binance's Changpeng Zhao joining as an advisor. Additionally, Polygon Labs acquired companies Coinme and Sequence for over $250 million to advance its stablecoin strategy, and European crypto platform Bitpanda is planning a Frankfurt IPO in early 2026 targeting a €4-5 billion valuation.

marsbit01/14 01:22

Crypto Morning Brief: CoinGecko Considers Sale at Approximately $500 Million Valuation, Privacy Protocol Zama Launches Token Sale