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GRT’s first 3 months looks decent, what the next 3 months might look like.....
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So, overall GRT has had a fairly epic entrance and performance on it’s entry into the Crypto Markets! It’s 3 month chart has so far clocked up 2 major peaks (one at the end of December and one last week).

What makes this 3 month chart pretty sexy, is the fact that after the first December peak, it dipped a bit and then went sideways for a month before clocking up some crazy volume (24hr volume surpassed market cap for a few days last week), and peaked again last week!

GRT is currently sitting on just short of 2000% gains from launch and now looks like it is settling down to a natural price range that seems as if it is about to go sideways again for a little while (though it might be a bit too early to tell).

As far as first 3 months go for a Crypto, I think that’s a really solid foundation! My other reckoning, is that these gains are more to do with it finding it’s price in the market, and less to do with Alt Season Mania so far. I think that, because the recent peak looks very similar to the December peak, just on a slightly larger scale....

Now, the next 3 months??

I think there are some things we next to factor in to come up with some reasonable future (3 to 6 month) price trend scenario’s. These are;

  1. a) Token supply
  2. b) Market cap
  3. Utility & success of the overall project
  4. Alt Season mania

Personally I think we’re in for a month or two of some sideways action in the range we’re currently in, before any significant price movements. I think when the price does move again, (providing the project as a whole remains functional and any indexing/delegator concerns are addressed successfully), it’ll be a heavy swing upwards as part of some altseason enthusiasm, maybe up to $3.5/4 for a little while then I think it’ll swing aggressively downwards as the token supply goes from 1.2b to 5b later this year. Which will leave us somewhere around it’s current price. I’m hoping there might be some more altseason mania after that token supply for some autumn gains, but who knows!

Just my opinion, but I think we all may be able to take one more round of good profits before settling down for some longer term growth which, if all goes well, should be nice and steady and hopefully a little less white knuckle!

To summarise my guesses for the future;

  • Maybe $3.5/4 by the end of March
  • Maybe back to where we are now when the supply increases in April/May
  • Maybe up to as high as $7/8 during an altseason pump.
  • Down to $3.5/4 post altseason followed by a few years of some slow and steady growth for a few years (project dependent).

Some GREAT potential here with GRT in my opinion!

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3 years ago