Looking at the current crypto market, I guess there are 2 questions on all our minds:
1.) How high will BTC go within this bull-run
2.) How high will ALTS go in terms of SATS?
Info: This is not financial advice. Just my opinion.
Based on the S2F chart, we should hit somewhere around 200k. My guess would be more towards 100k before a hard correction.
We're currently at the small red-line
Many Alts, including ETH, having either reached their ATH or made new ones. Now, looking at the chart of ETH, we can clearly see that sats are nowhere near ATH. For ETH, it would take another 4x, which would put it at around 8k USD.
How likely is that? I can't say but a 2x seems somewhat reasonable.
Looking at the DigiByte chart, we can see that while the USD price is halfway to ATH, historically SATS value became less and less with each "pump" and I doubt that the sats will go anywhere near ATH or even 2018 valuation. (which makes me realize how important it is to keep stacking sats)
Ultimately, all of this is speculation, but it's still fun to philosophize about the potential scenarios.
For me, I'm trying to keep a cool head, investing in crypto with high quality fundamentals, dodging buying FOMO and taking on the long-term perspective - I want to be ready when there's blood in the streets.
Because, right now, a lot of things remind me of 2017/2018, when people had greed in their eyes, new ATHs - even shitcoins - were made every day and people seemingly forgot how it felt like when BTC dropped to 3k just a year ago.
Not even mentioning that "zombie-chains" without any real usage have BILLIONS in market cap and copycat ICO projects DeFi projects are raising hundred of millions as if it's nothing.
With this said, stay rational, healthy and make sure you take some profits. 🙂
