STX Fundamental Analysis : Inflation vs Price
Detailed inflation analysis of STX reveals significant insights into its price action.
2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market.
2022-2024 : In this period, only 10% of the max supply was injected, indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .
Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap. Inflation is expected to be around 1-2%, sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period, 60% of the max supply was introduced into the market.
2022-2024 : In this period, only 10% of the max supply was injected, indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .
Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and target a $5 billion market cap. Inflation is expected to be around 1-2%, sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.
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