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.
Comment:
And HBAR starts it off….