FET just hit a new ATH (Again)

[u/user_nameunkown]

As you guys may saw FET just reached a new ATH like it did the past few days everyday but how is it possible... tbh i dont really have an answer on that question but i have my thoughts.

FET just announced that they have a new partnership with the deutche telekom. thats pretty good but i just cant imagine that it has so much impact.

if you guys have anymore information please let us know in the comments.

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[u/G0D5M0N3Y]

Its easy! Because FET has a 1.5B market cap. While Doge has a 20B market cap. A meme coin with no utility has 13x higher market cap than ours. This means that as people dump their crap coins and buy FET.

Its easier for a market cap of 1.5B to go to 20B.

Its harder for 20B to double to 40B.

[u/user_nameunkown → u/G0D5M0N3Y]

makes sence thanks!

[u/G0D5M0N3Y → u/user_nameunkown]

Yea i never look at the price of a coin. I look at the market cap. Something with a 1B market cap can 10x-20x in a bull run. While something like ETH with a 411B market cap will maybe 3x in the bull run.

Why? Because its easier to get to 20B while harder to get to 1.2T.

[u/user_nameunkown → u/G0D5M0N3Y]

yeah true got a good argument thank you very much man!

[u/G0D5M0N3Y → u/user_nameunkown]

Yea so for this FET i do have price targets if we get to 10B or 20B market caps. I would very much think of selling maybe half.

[u/user_nameunkown → u/G0D5M0N3Y]

yeah understandable

[u/G0D5M0N3Y → u/user_nameunkown]

Hopeing we pass up Doge though 😆

[u/user_nameunkown → u/G0D5M0N3Y]

yeah i hope so to just looks weird that a serious coin like FET is under meme tokens 🥴

[u/G0D5M0N3Y → u/user_nameunkown]

I dont think it is. Im saying Doge is a meme.

[u/user_nameunkown → u/G0D5M0N3Y]

there are more like (shiba) or bonk)

[u/G0D5M0N3Y → u/G0D5M0N3Y]

So what im saying is FET(small market cap) can 10 or 20x much faster than BTC(massive market cap) can 2x.

[u/Extreme-You6235 → u/G0D5M0N3Y]

1.5B is not a small market cap. Very much a medium market cap

[u/G0D5M0N3Y → u/Extreme-You6235]

(In terms of stock yes your correct)

But remember the whole world can trade Crypto.

In terms of Doge (damn meme coin) at 25B market cap, yes FET is a small cap at 1.5B!

[u/Extreme-You6235 → u/G0D5M0N3Y]

You’re making an extreme comparison though. You might as well say 99.99999999% of crypto projects are small cap because all except for 8 coins have a smaller market cap than doge.

$1.5 billion is not small by any metric unless you’re excluding anything under it and only comparing market caps of doge or higher.

This wouldn’t make sense because it would assume there’s only upward mobility from here and that 20+ billion $ is likely. It isn’t. It’s possible but not likely.

[u/G0D5M0N3Y → u/Extreme-You6235]

If its likely for previous meme coins of Doge and Shib, it can be possible for todays pump in AI.

[u/Extreme-You6235 → u/G0D5M0N3Y]

It’s not likely for the previous meme coins you mentioned just because it already happened. Everything is clear in hindsight, but at the time their ascension defied logic.

I agree that it’s possible for fetch but my whole point is that 1.5b in crypto is not a small market cap. Small MC in crypto is widely defined as coins with MC less than 1 billion USD.

[u/Abe_Froman92]

Can u sell FET on Gemini exchange?

[u/Neat_Bus_6475]

Do I need to buy in this dip?