One Of The Strangest Dynamics In Crypto

By Sapphire | Sapphire Crypto | 26 Apr 2022


It Somehow Always Returns To Price

There is always a lot going on in the Cryptoverse at any given time. Even when prices are down or suppressed the builders and developers are busy creating future opportunities. Essentially, the DeFi space was conceived during the last major bear market of 2018. Crypto winters are definitely not times of stagnation, though the price may suggest otherwise. I have mentioned a number of times that price is actually a weak indicator and often very misleading. Perceived price appreciation and where prices actually reach are seldom correct. I recently did a bit of a short study on previous Solana price predictions and was actually strangely surprised.

Even The Moonboys Undershoot

Looking across a number of different YouTubers, there appeared to be a common figure or grouping of figures. Amongst this group, there appeared to be very similar targets but there was one that really stuck out to me. The general price prediction for Solana in 2025 was approximately $50! YouTubers are generally mocked and seen as Moonboys with overinflated predictions that ultimately lure ignorant investors. However, even these guys undershot by a mile! Not only did Solana already hit $50 but it has already surpassed it by more than 500%! Solana hit $260 in November of 2021 and is currently up 100% on that 2025 prediction. The graph below clearly shows how SOL has outperformed even the most optimistic of speculators.

Image Source – Binance.com

The horizontal blue line is indicative of the price prediction for 2025 and with another three years to go, I guess you can only imagine what this graph may in time reflect. The green trend line is from an older post in which I predicted a breakout from the $85 range to $120 as the first target. My maximum target for the immediate short-term was $150 and we reached approximately $145 before retracing as expected. You can read the full article here if you are interested.

Hindsight Reveals Much

The moment that future predictions are made they are often seen as overly optimistic and are often heavily criticized. However, as time plays out many of these predictions fail not because they were too ambitious but quite simply, not ambitious enough! Not many involved in Crypto use the tool of hindsight effectively enough. Revisiting predictions with a scoreboard will ultimately separate the accurate voices from the noise. However, few do this and so simply follow the wrong caliber of person. Forget about charisma, followers, and even engagement. Look for a high level of accuracy. After all, it’s the only aspect that has the ability to benefit you and your life.

f92cf560c97e2548d452b4a6b87791a51db46accf707a41d1ba9d2a219240144.png

Free Nano

Final Thoughts

As strange as it may be, even the craziest of predictions will sometimes be dwarfed by reality. Try to keep an open mind and yet simultaneously be disciplined and cautious in your approaches. This is an encouragement to remember that there are still massive gains taking place, as well as on the horizon! Put in the time, do the research, and perhaps you will spot one of the next big movers!

Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on Sapphire Crypto.

Comprehensive list of referral links for platforms & opportunities I utilize to generate daily Crypto income.

dc85cc652d13571a8860e8d6d812239d8018dee27b8af3215e915b12c7ae0528.png

be16f86b20bd9dd120b840e96e857d9da9b6d67126aa3ef58eb1c1340ffcab37.png

Free Solana

27a19ff94b693d377db6c80d2e2d720f03e1dbfc1492961128e4d75e9f1fb431.png

Free BFG Every 5 Min (NEW)

623972a32590fc90500b125a176f2c2a02639b6a5187029ef39c9626d9db3c73.png

Free Hourly BTC

8a5d6a060400f1887bd85685d488ae493be6905b20eb5e260fd03f1f6ed4d14b.png

Even More Free BTC

 

How do you rate this article?


20

0

Sapphire
Sapphire

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice. Sapphirecrypto.org


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.