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DISCLAIMERS:
THIS IS NOT INVESTING ADVICE
I AM NOT A GOOD TECHNICAL ANALYST!
DO NOT BUY CRYPTO WITH LEVERAGE
ALWAYS DO YOUR OWN RESEARCH
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Before I started researching yesterday, I had a nagging question:
"Is the insane level of 1 billion dollars per day flowing into crypto continuing, or has it declined?"
The answer is: Not only is it continuing, it's tripled. Yeah, 3 billion is flowing into crypto, on average, every day this week. Here are those "average flow per day" statistics I massaged based on data from (source: https://coinmarketcap.com/historical/)
Average_Daily_Flow.jpg.d304636e7288e2f7c922e0143ee98a3c.jpg
So is that sustainable?
The answer is yes, and it's increasing. Except for one week, the average daily flow into crypto has increased week-over-week. During this week, the average daily flow into crypto-currencies totaled roughly 3 billion. If we see this trend continue, that means that we can expect to see an increasing amount flow into the crypto-currency market next week as well.
So not only can we expect to continue to see this daily amount continue, it looks like it's increasing.
What does this mean for XRP Price?
If we account for an increase in the daily average of roughly 15 percent, this will result in a price of over one dollar for XRP *:
projected_at_fifteen_new.thumb.jpg.371a6921ab3be882e509cbc27d9896bd.jpg
*Corrected to use week ending on 5/21/2017 as a base after realizing that using 6/2 would not result in a whole new week for the 6/4 figures
Keep in mind that the average daily crypto investment has been increasing by much more than 15 percent week over week in May. I predicted that June would "get crazy," only I don't think I really knew how crazy it might get!
I Don't Trust Your Positivity...
Okay then. The most conservative estimate in my view is that the daily average continues unchanged, or even decreases - even though we know it's increasing. A zero percent increase in the average daily investment in XRP will result in a price of 81 cents at the end of June according to my spreadsheet.
When I showed my calculations to a friend this morning, he challenged me to put in a negative growth rate for the average daily investment in XRP. That negative numbers still resulted in an XRP price of over 51 cents.
Do your own research on https://coinmarketcap.com/historical/, and let me know if you arrive at similar conclusions!
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.xrpchat.com/topic/5777-crypto-supertrend-and-june-xrp-price-prediction/