Well, this Idea is partially a trend analysis and my own hopes haha! Given that we have hit Yearly highs, and BTC seems dead set on hitting 50k before it begins its major retraction, I think it is safe to say that although today we hit $0.47, and $48k respectively, there needs to be a small retracement before the final push out of the long-term triangle that began last month. Right now we have punched out of the top but there is another "weeks" worth of triangle left before the full brunt of the bull run, and the built up pressure can reasonably expect to push Crypto to new ATH's, those that have met x2 - x4 increases notwithstanding. That being said, the guess that BTC will reach $100k is very realistic indeed, but will not happen in the short term. That also being said, most other alt coins have only reached their previous ATH, or came exceptionally close to touching them. Some coins have even surpassed and increased, but for the most part the majority of coins are still at the 75% - 95% thresh hold of previous ATH.
Therefore, there isn't enough momentum to carry all of the coins to their "true" ATH which should be typically a factor of 10 greater than their previous ATH. Historically Alt Coins increase in value very rapidly compared to BTC, which had her heyday in the early and mid 2010's. Now, the best expectation is that BTC increases it's ATH to a factor of 4 or in this case upwards of x5 to $100k. I mentioned in a previously published idea, that there is always a "soft" peak, with a 50 - 70% retracement which ultimately leads into the "true" peak some time later which will offer the x10 ATH rates.
TL:DR, XLM is likely going to hit previous ATH and maybe a bit beyond that, but first it will retrace down to $0.40 at most, hopefully lower, before the final push to break out of the long term triangle! Who knows... I could be wrong and we see $1, or more as the "soft" ATH before the next long term retracement!
Therefore, there isn't enough momentum to carry all of the coins to their "true" ATH which should be typically a factor of 10 greater than their previous ATH. Historically Alt Coins increase in value very rapidly compared to BTC, which had her heyday in the early and mid 2010's. Now, the best expectation is that BTC increases it's ATH to a factor of 4 or in this case upwards of x5 to $100k. I mentioned in a previously published idea, that there is always a "soft" peak, with a 50 - 70% retracement which ultimately leads into the "true" peak some time later which will offer the x10 ATH rates.
TL:DR, XLM is likely going to hit previous ATH and maybe a bit beyond that, but first it will retrace down to $0.40 at most, hopefully lower, before the final push to break out of the long term triangle! Who knows... I could be wrong and we see $1, or more as the "soft" ATH before the next long term retracement!