Sadly, too many moonboys in the space who have no idea how market cap works as a function of price. Especially when the supply of a token has since inflated dramatically since the ICO / mania / hype / listing phase.
Yes the overall market is growing in market cap - however there are also many more projects competing for said market cap, so it's all relative.
Do I think we see ATH this bullseason? Totally.
Do I think it happens tomorrow this month ? Unlikely.
I do see a pattern that I have laid out, following along the linear regression channel, with a rough elliot wave projection towards 4.50-4.80 area, with support areas shown.
The RSI is showing high lowers but lower highs, which may mean momentum is slowing.
Either some large fundamental news needs to come for ICX to get an unnaturally large pump in the price (like a coinbase listing for example), or we will likely see quite boring price action here.
Then again, there's always the possibility of irrational mania at some point and this could moon sooner, but as always, the easier it comes, the easier it goes, so stay prepared :)
“Launch update: The only thing worse than a product delay is a rushed launch. We’re expecting a lot of traction, and want more time for testing to make sure we launch a secure and stable product 🙇♂️
We’ll announce the launch date in April with a 14-day countdown. Stay tuned!”
KlydeFrawg
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@KlydeFrawg, and just announced, launching April 25th!