from over $940 to under $35
i will let you discuss how much of a X multiple 'speculation bubble factor'. the market should remain at
enjoy the thoughts..
oh slight hint.. expect ethereum price to continue to decline until it corrects to a good value new low
Nothing unexpected for me until this point (nicely done calculation though). I had long ago some experience with PoS coins and their price went lower to even lower until some even got delisted for low volumes.
Ethereum has all the shit tokens on it (ok, not all, but most). I expect those may also fall (if nothing else, at least the panic).
And my question/dilemma is... how will Bitcoin handle this, at least on short term? I'd expect another leg down, like when various DeFi "businesses" crashed, especially as the bear market is not over yet.
But how low will that go? Or am I wrong?