Summary of InvestAnswer's Posts Dec 21, 2023 (Patreon)

Summary of InvestAnswer's Posts 21 December 2023 📈

⁠bitcoin⁠ Inflows:

IA showed the imapct of 30T of AUM and slight allocatoin into BTC. The numbers are insane.

Miners: IRIS: Experienced a 33% surge, but IA firmly asserts that CLSK will outperform it in the long run.

BITF: Has undergone a remarkable 150% surge in just a few days.

CIFR: IA recently shifted ETH into CIFR, a move roughly equivalent in size to his current CLSK position. Both CLSK and CIFR are of similar sizes, with BITF being smaller.

⁠Solana Upside Model:

The Solana upside model has been revised. Notably, if SOL reaches 50% of ETH market cap, a target IA deems not beyond the realm of possibility and it would propel SOL's price to $306.

⁠general-crypto⁠ Portfolio Update:

IA's crypto holdings have undergone significant changes, with his pureform holdings now comprising over 50% SOL.

⁠Sentiment:

IA playfully expresses waning interest in BTC, attributing it to the allure of SOL being much more enjoyable to trade and play with.

Ssolana⁠ Price Predictions:

IA shares an illustration forecasting SOL's trajectory in this bull cycle. With the current cycle spotlight on SOL, a prediction suggests that if SOL reaches 70% of ETH market cap, its price could soar to $700.  Many feel SOL could eclipse ETH this run but IA thinls that is too aggressive.  He would be delighted with $120 but we are now easily going to $250 barring any unforeseen issues.

⁠Momentum:

IA anticipates sustained momentum for SOL, predicting exponential growth in dollar terms once it surpasses the $100 mark, albeit at a lower percentage.

⁠Ecosystem: IA reports that the swap from PYTH into RAY is proving very successful.

⁠solana-coins-chat⁠

FTX Selling: FTX selling has concluded, and SOL is experiencing substantial buying pressure. SOL Shot above $70 and currently $97.

Trading:

Strategy: IA advocates initiating the investment process with fundamental analysis followed by technical analysis for optimal timing.  FA First, TA Second for timing the trade. In other words -

FA WHAT

TA WHEN

⁠Notable Market Moves

Crypto

SOL up 6.5%

RAY up 61%

Stocks

TSLA up 3%

MSTR up 1.5%

CLSK up 9.6%

CIFR up 5.7%

SE up 8.4%

ENPH up 4.6%