XLM at Bitcoin $250k or $533k
Updated
Dan Morehead, the CEO of Pantera Capital, has given Bitcoin a very bullish price tag of 533k by mid 2021. Should Bitcoin achieve this value by August 2021 then I really believe that XLM could explode up to a target price of $40. If we maintain the TIm Draper target of 250k by mid 2022 or the beginning of 2023 then XLM has a very good chance of reaching a $20 value per token. Of course please do not take this as a recommendation to invest as we all know this market is extremely speculative and you can lose all your funds (especially playing on margin) if you are not careful. If you are a visionary and see the future potential of this technology then you may not have to worry on the short term.
Note
using the pitchfan fibNote
I am leaning more to a 2021 possible run on xlm because of the 4-year cycle we have on Bitcoin. What I mean is that the Bitcoin halving has a 4-year cycle event that does affect the price values on many of the altcoins in this market. For example, 2013 was my first Bull run ever experienced and then 2014-2016 we had three years of a bear market followed by 2017 the Bull run. Likewise, 2018-2020 marks the next 3-year bear cycle with 2021 being the Bull run. I thought 2022 was going to be the next Bull but now I am more in agreement with 2021 along with other factors as Pantera Capital (plus other respected TA individuals) and the Stock to flow chart by Planb suggests.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.