TET Fundamental Analysis + BB tension!
Updated
I have been watching TET from $18 rise to $45 and now back down to $27 where it is currently ranging. I am heavily interested in this coin over the next bull run and I think it has major potential to attract massive inflows in capital. Being the fastest blockchain in the world is gold marketing in the crypto world and I think it will catch on more than it already has.
Any altcoin in a bull market will increase in value, but there are a select few that will take the cake. I think this may be one of the few.
From this price, we can do 20x to 30x. The price per coin would be very expensive ($700-$900 per coin) considering the supply to the market cap but the actual price per coin is irrelevant. If you’re calculating based on market cap a 20x to 30x increase in the market cap I think would be easily achievable if our crypto total market cap can reach around $10 trillion, a 3x from the 2021 highs of $3 trillion.
Another thing I want to look at is the Bollinger Bands are tightening and this always indicates one thing, a massive move. It doesn’t suggest up or down specifically but only increased volatility. When we factor in bullish market sentiment I think the BBs are indicating that a big move upward will happen shortly.
This post is less about TA and more about fundamentals and macros. I think TET will do great in an altcoin portfolio over the next 12 to 18 months.
DYOR and bring home those gains.
Any altcoin in a bull market will increase in value, but there are a select few that will take the cake. I think this may be one of the few.
From this price, we can do 20x to 30x. The price per coin would be very expensive ($700-$900 per coin) considering the supply to the market cap but the actual price per coin is irrelevant. If you’re calculating based on market cap a 20x to 30x increase in the market cap I think would be easily achievable if our crypto total market cap can reach around $10 trillion, a 3x from the 2021 highs of $3 trillion.
Another thing I want to look at is the Bollinger Bands are tightening and this always indicates one thing, a massive move. It doesn’t suggest up or down specifically but only increased volatility. When we factor in bullish market sentiment I think the BBs are indicating that a big move upward will happen shortly.
This post is less about TA and more about fundamentals and macros. I think TET will do great in an altcoin portfolio over the next 12 to 18 months.
DYOR and bring home those gains.
Note
So far so good we touched $35 momentarily today confirmed the upward trend TET is setting up for. Hold.
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