Most tokens will never reach their ATH again; why?
Many tokens will never reach their previous ATH because of dilution.
Many of us are waiting for coins to break their previous all-time high (ATH), but for some, the circulating supply has skyrocketed since then.
This will also happen to most "Low float / High FDV" tokens. It's a fatality.
Stop dreaming about new ATHs. Confront your ideas with what happened. Dilution might have killed your dreams, and you might not even realize it.
Your ATH isn't the ATH.
At Mass, we introduced a new parameter called "ATH market cap wise," which calculates the price a token must trade at to reach its previous ATH market cap, considering the current circulating supply.
Let's explore 5 tokens that might never reach their ATH again because dilution happened.
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$DYDX - DYDX
$DYDX must trade at $4.91 to reach its previous market cap ATH of $1.37B!
If $DYDX trades at $28 again, it would be worth $13B, 30% more than $UNI FDV.
Sorry for your loss!
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$AXS - AXIE INFINITY
$AXS must trade at $72 to reach its previous market cap ATH of $10B!
If $AXS trades at 165$ again, it would be worth $43.7B, twice $DOGE FDV!
Sorry for your loss!
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$GRT - The Graph
$GRT must trade at $0.64 to reach its previous market cap ATH of $6B!
If $GRT trades at 2.84$ again, it would be worth $30.64B, 10% less than $XRP FDV.
Sorry for your loss!
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$GALA - GALA
$GALA must trade at $0.15 to reach its previous market cap ATH of $5.42B!
If $GALA trades at 0.82$ again, it would be worth $28.7B, corresponding to the sum of $DOGE & $PEPE FDV!
Sorry for your loss!
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$FIL - FILECOIN
The winner in this category is $FIL!
$FIL must trade at $22 to reach its previous market cap ATH of $12.31B!
If $FIL trades at 237$ again, it would be worth $464B, which is $ETH FDV!
Game over!
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4 lessons to avoid being rekt again 🧑🏫
1. The previous ATH means little for most tokens whose supply has significantly increased.
2. Avoid listening to influencers who ignore dilution when setting price targets, especially when discussing ATH.
3. Don't hold tokens with an important amount of supply to be unlocked during a bear market!
4. Download Mass and power your trading journey with our data.
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