# Сопутствующие статьи по теме Valuation

Palmer Luckey’s Erebor hits $4.3B valuation as regulators advance bank charter

cointelegraph12/22 22:51

Tracking 118 Coins Launched in 2025: 85% Are Below Their Initial Valuation at Launch

An analysis of 118 Token Generation Events (TGEs) that occurred in 2025 reveals a significant downturn in post-launch performance. The study compared each token's current fully diluted valuation (FDV) to its valuation at issuance. Key findings show that 84.7% (100 out of 118) of these assets are currently valued below their initial TGE price. This indicates that approximately 4 out of every 5 new tokens are trading at a lower valuation than at launch. The median token experienced a 71% decline in FDV (and a 67% drop in market cap) since its release. Only 15% of the tokens analyzed have maintained a valuation higher than at their TGE. The report concludes that participating in a TGE can no longer be considered a form of "early investment" under these market conditions.

深潮12/22 05:45

2026 Crypto Transformation: Real Profits Trump Storytelling

The crypto market is shifting from narrative-driven growth to a cash flow and sustainability-focused valuation model in 2026. Key drivers include Hyperliquid’s HIP-3 upgrade, which removes technical barriers to launching perpetual markets and enables demand-driven, PvE-style expansion into real-world assets. Projects with real revenue and token value accrual—like Hyperliquid, Pump.fun, Aave, and Jupiter—are leading this transition. Meanwhile, prediction markets (e.g., Polymarket, Kalshi) are emerging as key infrastructure for real-time probabilistic data on events, attracting institutional and AI interest despite regulatory divergence: institutionalization in the West and suppression in Asia. The market is now prioritizing fundamentals over speculation.

marsbit12/22 00:33

$1.5B flows into tokenized gold – Are investors abandoning Bitcoin?

Investors are shifting towards tokenized gold, with its supply reaching $1.5 billion, signaling a flight to safety amid market uncertainty. While gold prices surge, Bitcoin lags behind, raising questions about whether capital is temporarily favoring safer assets or exiting crypto. Tokenized gold offers advantages like easier access and 24/7 trading. Analysts note that Bitcoin's current underperformance may be relative rather than absolute, with historical patterns suggesting potential rebounds. The debate continues between gold's traditional safety and Bitcoin's long-term store-of-value proposition, hinging on how investors perceive safety in a digital economy.

ambcrypto12/21 15:02

What BitMine’s 4M ETH holdings mean for its stock valuation

Key takeaways: Large market participants are reducing crypto exposure, macro tightening weighs on risk appetite, and buyer demand is weakening. BitMine Immersion Technologies (BMNR) holds ~4M ETH, 193 BTC, an equity stake, and $1B cash, totaling ~$13.2B. With a market cap of ~$13B, its valuation is tightly linked to ETH's price due to the massive holding. However, dilution from financing activities (36M+ shares and warrants issued) means growing ETH doesn't automatically increase value per share. BMNR acts as a public proxy for ETH exposure but is also affected by dilution, liabilities, and corporate risks, making it an amplified yet distorted reflection of ETH's price.

cointelegraph12/20 15:58

Abandon Illusions, Prepare for the Most Grueling Time in the Crypto Market

The article argues that while cryptocurrency adoption will continue to accelerate, market valuations may remain depressed or decline further for a prolonged period. This decoupling between real-world usage and price action is presented not as a flaw, but as a necessary and healthy feature of the market's maturation. The author draws a parallel to the dot-com bubble, where internet user growth exploded even as the Nasdaq crashed. The core thesis is that the market is undergoing a painful but essential recalibration. Many assets were fundamentally overvalued, and the current phase will pressure-test business models, eliminating flawed projects and forcing rational valuations. Cryptocurrency is transitioning from a speculative asset to a core, "boring" infrastructure technology, much like the internet did. This shift creates discomfort. Builders, early investors, and retail token holders may see value captured by traditional companies and VCs that leverage the open infrastructure. The article posits that the biggest beneficiaries might be traditional and hybrid businesses that use crypto to improve efficiency, rather than the underlying protocols themselves. The author's outlook for near-term prices is not optimistic, warning that the process could be a prolonged test of patience. They advocate for a long-term perspective, capital preservation, and a focus on businesses with sound unit economics, while cautioning against over-financialized models and excessive infrastructure building. The conclusion is that a major market bottom, characterized by capitulation, has not yet been reached.

marsbit12/20 06:39

Bitcoin Mining Economics Flash Warning: Profitability Nears 2022 Stress Levels

Bitcoin is experiencing heightened volatility while trading near a critical support level, with on-chain indicators suggesting a divergence between price and network fundamentals. The NVT Golden Cross, a key metric comparing market valuation to on-chain transaction volume, recently reached a historically depressed level of -0.58, signaling structural undervaluation. This typically occurs during periods of forced deleveraging and risk aversion, where prices fall aggressively even as on-chain activity remains relatively stable. The indicator has since recovered to around -0.32, indicating a gradual realignment between price and fundamentals, though Bitcoin remains conservatively priced relative to its utility. Such conditions have historically marked transition phases toward equilibrium, often coinciding with accumulation and setting the stage for healthier price discovery.

bitcoinist12/20 06:02

Bitcoin vs. Ethereum vs. XRP – Which crypto will be 2026’s winner?

Capital flows across Bitcoin (BTC), Ethereum (ETH), and XRP are diverging based on distinct valuation, supply, and demand signals. Bitcoin's NVT Golden Cross indicates it has entered a rare valuation reset phase, historically a precursor to accumulation, as price declines outpace network usage. Ethereum shows tightening on-chain supply with large treasury withdrawals, despite facing net outflows from spot ETFs, suggesting underlying strength. In contrast, XRP spot ETFs see consistent daily inflows, surpassing $1.16 billion in assets, indicating steady institutional demand and confidence in its regulatory positioning. The 2026 outlook hinges on which factor dominates: Bitcoin's valuation discount, Ethereum's supply dynamics, or XRP's regulated capital flows.

ambcrypto12/20 01:02

AI, Cryptocurrency, Tech Stocks: 3 Key Trends for 2026 and Answers from 2 Experts

In this market recap and outlook for 2026, Purpose Investments experts discuss key trends in AI, crypto, and Big Tech. Nick Mersch, Portfolio Manager, argues the AI boom is transitioning from hype to execution, with real revenue and enterprise adoption driving a multi-year infrastructure cycle. He advises focusing on companies with clear monetization paths, recurring revenue models, and key positions in compute, energy, or distribution. While some stocks are overvalued, he believes the cycle remains fundamentally strong. Paul Pincente, VP of Digital Assets, views crypto's late-2025 volatility as a typical correction rather than a systemic failure. He expects continued maturation in 2026, with reduced extreme volatility due to ETF adoption, regulatory clarity, and institutional participation. He emphasizes the growing role of stablecoins and tokenization beyond Bitcoin. On tech valuations, Mersch acknowledges high multiples but argues core infrastructure and cloud leaders justify premiums with strong fundamentals, AI-driven efficiency, and robust balance sheets. He warns that companies lacking economic discipline may struggle. Both experts conclude that AI and crypto are evolving toward greater maturity—AI through tangible productivity gains and embedded workflows, and crypto through improved infrastructure and institutional integration—making 2026 a year of selective opportunity rather than broad speculation.

比推12/19 17:27

From Four Failures to a Trillion-Dollar Valuation: Musk and SpaceX's Epic Comeback

From Four Failures to Trillion-Dollar Valuation: Musk and SpaceX's Ultimate Comeback In 2002, Elon Musk invested $100 million from his exit of PayPal to found SpaceX, aiming to revolutionize space travel. The journey began with humiliation when Russian engineers dismissed his ambitions during a failed rocket purchase attempt. Undeterred, Musk decided to build rockets himself. SpaceX faced near-catastrophic failures with its first three Falcon 1 launches (2006-2008), coinciding with the 2008 financial crisis, Tesla’s near-bankruptcy, and personal struggles. After the third explosion, funds were nearly exhausted, and critics, including Musk’s idol Neil Armstrong, openly doubted him. The fourth launch in September 2008 succeeded, saving SpaceX from collapse and securing a $1.6 billion NASA contract for ISS resupply missions. Driven by first principles, Musk pursued reusable rockets despite industry skepticism. In 2015, Falcon 9’s first stage successfully landed vertically, slashing costs and disrupting the aerospace industry. For Starship, Musk opted for stainless steel over carbon fiber, reducing material costs by 40x while maintaining performance. SpaceX’s valuation soared from $13 billion (2012) to $800 billion (2025), largely fueled by Starlink. With 7.65 million subscribers and revenue projected to reach $22-24 billion in 2026, Starlink dominates as a global telecom provider. Preparing for a 2026 IPO targeting $30 billion raised at a $1.5 trillion valuation, SpaceX aims to surpass Saudi Aramco’s record. For Musk, this funds his ultimate goal: making humanity a multi-planetary species by colonizing Mars. The IPO represents not an exit but a critical step toward interplanetary civilization.

比推12/19 13:26