Disclaimer: I fully acknowledge that what I am posting is obscene and almost impossible to believe.
That said, I have noticed that a leading ABC correction is a theme with several AI tokens and, if FET is going to follow suit, this is how it makes the chart look. The 1.618 fib of $2500 gives a FDV of almost $6.8T, almost twice NVIDIA's current market cap. I think we have to acknowledge that crypto may draw liquidity from global markets on a scale never seen in history and, in this context, the target may not be so crazy. I won't be betting on a $2500 FET - i'll be happy with $25! - but I won't be surprised if it happens...
That said, I have noticed that a leading ABC correction is a theme with several AI tokens and, if FET is going to follow suit, this is how it makes the chart look. The 1.618 fib of $2500 gives a FDV of almost $6.8T, almost twice NVIDIA's current market cap. I think we have to acknowledge that crypto may draw liquidity from global markets on a scale never seen in history and, in this context, the target may not be so crazy. I won't be betting on a $2500 FET - i'll be happy with $25! - but I won't be surprised if it happens...
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.