People constantly underestimate what it takes to reach $1b market cap. At this point it can almost be considered a miracle.
Everyday we see tokens accomplish crazy feats whether it be ripping to $10m in a few hour, $50m in a week, or $300m in a few months and so many people think “oh this is for sure going to $1b!” It’s easy to get excited and feel that way in the moment because it’s exhilarating but 99% of the time that’s where the road ends. Look at $zerebro and $goat. Zerebro had the best looking chart I’ve seen in my life then the moment it hit $800m it literally rugged straight down and is now the worst chart I’ve ever seen in my life. Goat even hit $1b but has been down only since with no signs of recovery.
Why though?
Bar extreme manipulation(70%-90% supply control) you pretty much need everything to work perfectly and all it takes is one issue to ruin those dreams(Ie. Too much supply in the hands of the wrong people).
Now you look at things like fartcoin that defied all odds, overcoming some typical death sentences like beginning as what many would consider a derivative only to smash $1b and reach nearly $3b then retrace 93% and miraculously go on to hit $1.7b again a couple months later. Then on top of that you need to remember that this is a project that has no team and has struggled to get exchange listings lol… It was the will of the people that propelled it to these levels. And through all of this it maintained volume dominance on the solana network unchallenged.
This project is a unicorn. Maybe one day I’ll write a detailed thread explaining all the reasons why, but for now you can find them all spread across my timeline lol 🤷♂️
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