Revisiting Analysis of Crypto-Bridge

in cryptobridge •  7 years ago 

REVISITING ANALYSIS OF CRYPTO-BRIDGE



Earlier this year I crunched some numbers and looked at the overall digital asset markets to come up with the analysis and valuation linked in the youtube video. At the time, I knew it was possible for the markets to take a huge nosedive, but I didn't think it was likely.

That all being said, I did look at downside risk for the BCO token and figured about $1.00/coin was a reasonable floor for this project. I came to this number by looking at actual earnings at the time and extrapolating a fair price for an asset that would be returning that amount in legacy financial markets.

During this drastic bear market dive we've observed since I created the video the Crypto-Bridge token's price has very nearly reached the price I pegged for downside risk. According to Crypto-Bridge Cap the volume is still hovering around the $2.5 million/day level which bodes well for earnings, although it has dipped well below this level during the doldrums of Feb/Mar 2018.

In the few months that have passed since my original assessment the DEX has more than doubled it's listed trading pairs while adding dozens of new coins to it's platform. Crypto-Bridge Updated Roadmap released recently also indicates a whole slew of ERC-20 tokens, including granddaddy Ethereum ETH will be added to the exchange over summer 2018, soon followed by CryptoNight based coins such as Monero. These factors significantly increase BCO's upside potential.

Looking past the price fluctuations inherent to the cryptocurrency and digital asset markets, the real value of Crypto-Bridge's BCO is just about impossible to determine. Earnings are determined by exchange volume which is relatively unpredictable. Earnings are also paid in over 100 different digital assets which are each incredibly volatile and difficult to predict. I'm very bullish on the digital asset markets as a whole so this is the good kind of volatility from my own point of view.

We're still in the 1st Inning of the Crypto Boom. The opportunity to create Trustless peer to peer transactions is a game changing tool we lucky humans will eventually apply to just about every digital economic activity we could imagine. As hard as it is to conceptualize, the disruption has barely begun. Meaning the real spike in value for these assets we all love is still somewhere in the future.

Projects like Crypto-Bridge with easily accessible and functional platforms that are already generating returns in the digital asset space are poised to absorb many new users as more people flood into this new decentralized world. The unique business model creates brand new types of opportunity for the early blockchain investors who are taking long term views.

It really is a brand new financial world we're entering. It will be messy and not without contention, but the blockchain and decentralized systems of business and currency aren't going away. Governments across the world have abused power and abused the people they were supposed to represent for far too long. With better options readily available We the People don't have to put up with it anymore. This is reality and it's only a matter of time before the critical mass of human consciousness realizes this and moves over to the real Free Market.

The sooner we all begin to #ThinkDecentral the better.

For more deep dives into our decentralized future, check out all of the projects, strategies, and research available through my website;
Broad Perspectives Digital Asset Research

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I also think that the future of CryptoBridge is promising.
The passion of developers will be the driving force for explosive growth.
Fortunately for all the stakers!

They add new coins just about as fast as any other exchange I've seen. The Roadmap mentioned they'll be adding several ERC-20's per day once they get their system set up and tested, good news for Crypto-Bridge users. A one stop decentralized shop for digital assets.

One correction, however - staking payouts have been changed from small bits of the entire spectrum of the assets traded there into the top 5 or 6 (only the last 1 or 2 payouts reflects this).

Hi Scott, good catch. I see payouts in 6 coins for the last two rounds. I wonder if the developers will build in any flexibility for users to have some options in how they receive payouts in the future?

Do you know if there is a volume threshold the coin needs to cross or if it's just the Top 6 that get distributed every round?

I believe it is the top by volume traded, which will definitely shift as larger cap assets are listed. I think it would be cool to request the ones you'd like, though as well.

Crypto-Bridge is showing some strong resiliency in the down market today, currently up over 20% with volume hitting highs for the previous month.