PRICE TARGETS
Price targets need to be twofold.
1. Delusional
2. Attainable
At first it needs to be delusional, but as momentum begins, the delusion can become attainable.
One of the best things SPX did was create the belief that they could flip the S&P
They have built an army of believers that see this as there north star
While currently delusional, it has sprinkles of attainability as Murad now talks about .1% of the S&P market cap
In 2021, we saw people say Dogecoin to $1.
This imo was bearish because it put a ceiling on its potential.
The closer Doge got to $1, the more sell pressure it created as the upside was capped.
Also in 2021, people were calling for Bitcoin to $100k, and inevitably it fell way short.
Now Bitcoiners have gotten smarter and are calling for $1M BTC and much larger numbers over time.
And Eth maxis are now getting insanely delusional calling for $100k Eth and flipping Bitcoin.
So at first, you need to be delusional, and secondly it has to become attainable, otherwise, you're just blowing smoke.
The two tokens imo that have positioned themselves the best is Troll and Mog.
Troll imo sits in the goldilocks of delusion and attainability.
Troll is delusional, but also attainable.
Troll has delusion of flipping Pepe and Doge.
As Troll's price climbs and people start to compare the 3 assets, they begin to realize the delusion is attainable.
Another way to attack Price Targets is what Mog has done.
Mog has never put a ceiling on what they can do.
Instead, they believe the proper price target is HIGHER, because you can't put a price on culture.
28.03K
40
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.