Bitcoin Worth $200 More Than Current Valuation, Says New Report
A new report published by investment bank, Needham & Company, suggests that Bitcoin is undervalued by potentially as much as 58%, or $200, at the moment. Bitcoin is currently valued at around $412, but this is obviously subject to change at any time, but the report suggests that Bitcoin should in reality be valued at around $655, an increase of around 58%. The investment bank estimates that around 75%, or $4.8 billion, of Bitcoin’s market cap of $6.3 billion is being treated as an investment, and makes the suggestion that investors wishing to see large profits should buy shares in the....
Related News
On November 17, a report disclosed that the leading non-fungible token (NFT) marketplace, Opensea, is “fielding new investment offers” according to two unknown sources familiar with the matter. The investment could propel Opensea’s valuation by six times to a $10 billion market valuation, according to the sources.
Report Claims Opensea Offered a $10 Billion Valuation
During the first week of November, the popular NFT marketplace Opensea surpassed $10 billion in all-time sales, according to statistics from dappradar.com. At the time of writing, dappradar.com....
Though the exchange’s holding company is registered in the Cayman Islands, Binance currently has no formal headquarters anywhere in the world. Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today.According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to $300 billion as a publicly traded company, considering its current trading volume and transaction....
Cryptocurrency investigation firm Chainalysis expects to raise $100 million in venture capital at a $1 billion valuation as early as next week, the company told Forbes.
Crypto pundit Rob Cunningham has outlined a scenario where Ripple could achieve a $7 trillion valuation based on the XRP price. The crypto firm is notably the largest XRP holder, which is why a significant surge in the altcoin’s price could increase the company’s valuation. Ripple Could Hit A $7 Trillion Valuation With An XRP […]
Potential listing could provide a valuation anchor, not only for future crypto IPOs but also for crypto-native exchange tokens. Following cryptocurrency exchange Coinbase filing a draft registration for a public offering with the United States Securities and Exchange Commission yesterday, research company Messari has valued the company at $28 billion.Messari’s model examined the company’s various business segments, such as trading, custody and debit cards, to come to this figure.Coinbase is one of the biggest exchanges worldwide, with daily trading volumes of over $1 billion. Assets under....