I am hoping some of my EWT colleagues will chime on this chart. This is a 10 year Logarithmic chart. Intelligent comments ONLY wanted below. PLEASE NO NONSENSE.
I think if we could breech $21 your $9-12 could become reality but your timing seems long
ogdabber
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Would this put it around $10 quadrillion market cap with full supply? And this would put the entire crypto market cap at….? Definitely appreciate longterm outlooks, although seems pretty speculative until we have more data via global adoption. I’ve been thinking $500 billion within 2-5 years, conservatively, for SOL, and when crypto hits $100 trillion as a whole, everything that is still popular will be a winner for anyone HODL’ing—SOL will at least be $2 trillion, minimally… so from there, it would be 500x to your “5” zone… time will tell! I’ll gladly take some profits if this hits 2k (your “2i”) within 12 months!
maikisch
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@ogdabber the above is normal pattern analysis of price appreciation within an impulsive wave and it’s Fibonacci relationships. I can’t speak to market cap, mass adoption or any other event that would justify this. What you’re looking at is a chart on how price would normally act
bigruntrading
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Great work!
ZJ808
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Thanks for pointing me towards this chart. While I am a solana believer, this is certainly an optimistic scenario. It’s difficult to forecast, but I’d be happy if it came to fruition.
The bottom line you have here is similar to what I've been thinking recently, according to the channels I have it would put the wave 2 low at approximately $9 - $12 and would happen approximately between the middle of October and the middle of January. What do you think about that?