GRT - My theory
Updated
Here is my theory and this chart is a perfect example. I believe that all the coins that have already hit their 702 retracement of their MARKET CAP are going to extend to their 4.23 EXT of their MARKET CAP. This is a price chart of GRT. Even if GRT extends to the 4.23 of its MC ($2.66), it will not reach a new ATH. So why is that - its due to inflation. Still, that's nearly a 10x from here. GRT has alot going for it as far as narrative is concerned - AI, blah blah blah. Excited to see if the theory plays out - other coins I expect to go their 4.23 EXTs:
HBAR - 0.81
NEAR - 49.57
ICP - 110
AVAX - 353
CLV - 1.12
OCEAN - 5.09
JASMY - 0.116
The interesting part after looking at these coins is they all have good narrative behind them, except for CLV. But the fascinating thing is HBAR, NEAR, ICP, and AVAX - all of these coins are in the top 15 coins for development activity. Tons of new developers - projects that have actual use cases. There are other coins that have even higher development activity - DOT, ADA, ATOM, LINK, KSM, SUI, OP, APT. The interesting part of these is that the price action does not reflect them going to their 4.23 extensions. That doesn't mean they can't go to new ATHs, I actually think many of them will (except KSM). DOT, ADA, ATOM, and LINK just don't have the price action to support it - even though they may go close I don't think they will get there. SUI, OP, and APT just don't have enough price history to predict. Let's see how they theory plays out.
HBAR - 0.81
NEAR - 49.57
ICP - 110
AVAX - 353
CLV - 1.12
OCEAN - 5.09
JASMY - 0.116
The interesting part after looking at these coins is they all have good narrative behind them, except for CLV. But the fascinating thing is HBAR, NEAR, ICP, and AVAX - all of these coins are in the top 15 coins for development activity. Tons of new developers - projects that have actual use cases. There are other coins that have even higher development activity - DOT, ADA, ATOM, LINK, KSM, SUI, OP, APT. The interesting part of these is that the price action does not reflect them going to their 4.23 extensions. That doesn't mean they can't go to new ATHs, I actually think many of them will (except KSM). DOT, ADA, ATOM, and LINK just don't have the price action to support it - even though they may go close I don't think they will get there. SUI, OP, and APT just don't have enough price history to predict. Let's see how they theory plays out.
Note
And HBAR starts it off….Note
Update here. GRT, HBAR, and NEAR are going to melt faces. But I think the story is bigger than that. Everyone is fearful of a stock market collapse right now. I think we get the opposite. I think we get a melt up in all indices, including the RUT. I think it lasts through the summer and we get true expansion of markets. Every time that has occurred in the past we get massive move in BTC and Alts. I think history is repeating and its going to catch everyone off guard. Just remember, if it happens - eventually everyone will jump on board and that's when you have to RUNNote
HOLD ON TIGHT!
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