Highstreet is a cryptocurrency that many of you have asked me to review. As I dive into this, bear in mind that I’m evaluating it in real-time since I’ve never come across High Street in my nine years of exploring the crypto world for standout altcoins. Let’s see where High Street lands on my radar.
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For those new to my reviews, I pride myself on absolute honesty and high degrees of skepticism. I find that a majority of altcoins don’t hold up in the long run. Hence, it’s a tough job selling me on the viability of an altcoin. The intent of this video isn’t just to review but to guide you through a process of thorough research. If I find a coin appealing, I would still advocate for extensive research before investing.
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Moving on to Highstreet’s price dynamics, it seems to have followed a predictable trajectory common to many altcoins. From what I see, once a crypto has experienced a bull run surge, it’s rare for it to match its previous peak, especially when pegged against Bitcoin’s value. Highstreet is no exception; its value has drastically plummeted against Bitcoin, which hasn’t seen such a drastic fall from its all-time high.
To be frank, for Highstreet to perform well now would be a statistical anomaly. I have reviewed countless altcoins, and very few stand out as winners against the odds. To invest, there needs to be something truly exceptional here.
A glaring concern is that only 42% of High Street’s supply is out despite being on the market for two years. This suggests potential for inflation. Furthermore, it’s an ERC-20 token – and I’ve made my reservations about the Ethereum ecosystem clear in previous videos. Ethereum doesn’t cater well to daily consumers due to its high gas fees and central control.
Navigating Highstreet’s token on the chain explorer proved frustrating. A token this complex should have direct access, not require copy-pasting contract addresses. On assessing further metrics, like the 24-hour volume against market cap, the token seems overvalued.
Perusing the Highstreet website hints at it being a gaming platform. Though the design is appealing, I’m taken aback by some of the significant investors they’ve managed to attract. However, investment from big names does not always guarantee a token’s success or credibility.
Social media metrics and other auxiliary information related to Highstreet don’t particularly impress either. An NFT feature associated with High Street seems dubious at best.
To sum up, my sentiments on Highstreet are largely negative. My price prediction? A strong downward trajectory. If I was holding this, I would sell immediately before I incurred more losses.
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