Seems likes layer 1 solutions all move in a similar pattern. Similar to Raoul Pal’s work - they all move as a function of their network sizes. Interesting how their movement pattern is similar to eth which is 1 full cycle ahead. Meaning, the massive gains seen w btc, and then eth in prior cycles, is now available to us this cycle, potentially. No price target prediction specifically. Rather another measure can be following eth price actin w TA, cyclical theory, and onchain analytics. If price action is similar, then the benefit of more data of eth can be a look into the future for newer layer 1 solutions.
For more info into raoul pal’s work, google “raoul pal and bitcoin and ethereum comparison, or ethereum and avalanche comparison, or ethereum and solana comparison.
For more info into raoul pal’s work, google “raoul pal and bitcoin and ethereum comparison, or ethereum and avalanche comparison, or ethereum and solana comparison.
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