$ACE is way oversold. Here’s a quick update on my thoughts on this dip and why i think it’ll retrace fast.
Right now we have millions of people who participated in the #Launchpool who’s taking profit from their ”free” airdrop. They get shaken out.
Now depending on how $BTC performs up til and after the #ETF announcement we might drop further. Or retrace really fast.
That’s not stopping me from buying right now. I don’t care if we even would get another -30% from this one since i’m buying spot and i’m sure this will perform well in the long run.
Web3 gaming and play to earn could definetly become huge winners in this upcoming bullrun, and from all games i’ve seen, ACE is one of the best looking.
And AAA game with a solid team and developers behind it. I really do believe this one could pull of something like Axie Infinity did in the last bullrun.
The market cap of Ace right now is less than $100m. I really do believe 10x from here could easily happen. Even if this bullrun would only be half of what the last one was.
For example, $AXS topped at $30B market cap in 2021. Now i like to keep things realistic and that’s a very very high cap, so my prediction is a little more bearish than that, but it isn’t impossible.
Right now i’m looking at a market cap of $1-2B as my main targets. Those are realistic and might even prove to be ”bearish”
Now as always, this is only my own opinions and targets. No finincial advices and always DYOR before investing.