The current state of the cryptocurrency market during this crypto winter has many investors concerned, prompting them to reconsider their investment strategies. In this article, we’ll provide a technical and fundamental analysis of the cryptocurrency, HIGH.
We’ll examine market performance, technology, development, and investment potential. The goal is to help you make an informed decision on whether to invest in HIGH. Whether you’re new to crypto or an experienced trader, this article will provide valuable insights. Let’s dive in and analyze HIGH.
About Highstreet
HighStreet is a play-to-earn commerce platform that uses blockchain technology to build a decentralized ecosystem in which businesses can interact with their customers. The platform intends to reward users for engaging with brands and completing various tasks, such as taking surveys, watching advertisements, and so on.
HIGH, HighStreet’s own token, is also available to facilitate transactions and reward users on the platform. The platform is designed to make both businesses’ and consumers’ experiences more engaging and rewarding. It is a novel approach to e-commerce that is distinct from traditional models. It is important to note, however, that it is a new concept, and its success will be determined by its adoption and execution.
Technical analysis
According to the most recent information, the HighStreet (HIGH) coin has most recently been trading at $1.15, with a 24-hour low of $1.12 and a 24-hour high of $1.21. This suggests that the coin’s price movements have been relatively stable in the short term. Looking at the 7-day low and high, we can see that the coin has traded in a relatively narrow range of $1.12 to $1.21, indicating low volatility. However, it is worth noting that the coin’s all-time high was $38.42 on December 17, 2021, indicating a significant drop of 97% from its peak.
Fundamental analysis
HighStreet has a market capitalization of approximately $15.8 million USD. This is small in comparison to other cryptocurrencies, implying that the coin’s value has room to grow significantly. HighStreet has a circulating supply of 12.3 million coins, which is a small number when compared to other coins. This could indicate that the coin is not yet widely distributed, implying that there is room for future growth.
The average hold time for HighStreet is 4 days, indicating that investors tend to hold the coin for a short period of time. This could imply that the coin is better suited for short-term trading than a long-term investment. They have a total supply of 100,000,000 HIGH tokens, which is small in comparison to other cryptocurrencies.
It’s also worth noting that HighStreet was created by LumiereVR, a computer vision-based VR retail company, and will go live in October 2021. HTC, Palmdrive Capital, Cherubic Ventures, Mechanism, Jump Trading, and NGC from the crypto sector are among the project’s investors.
Closing thoughts on HIGH price prediction
In conclusion, the HighStreet (HIGH) coin has shown relatively stable price movements with low volatility in the short term. The coin has dropped 97% from its all-time high, but it still has room to grow. It has a small market capitalization, circulating supply, and total supply, as well as a short hold time. Before investing in the coin, investors should exercise caution and conduct due diligence.