STX Fundamental Analysis : Inflation vs Price
2024-07-29

Detailed inflation analysis of STX reveals significant insights into its price action. 

2020 - 2021 : During the previous altseason, STX surged by an impressive 3200%, followed by a -78% correction.Subsequently, it experienced a 400% pump, forming a double top, before entering a bear market with a -92% decline. In this period,  60% of the max supply was introduced into the market.  

2022-2024 : In this period,  only 10% of the max supply was injected , indicating that the dramatic price pumps, dumps, and accumulation phases during this period were not driven by inflation but rather by large stakeholders, or "whales" .

Now : Observing the current double bottom formation near a key level, with similar correction patterns(~64%), it suggests that whales will likely push the price upward towards and  target a $5 billion market cap . Inflation is expected to be around  1-2% , sufficient to propel the price to a new high that will trigger a bearish divergence, potentially leading to a -90% correction as the bear market ensues.