HIGH [HIGHSTREET] NEXT TP : $7.40 : 337% PNL : LONG POSITION

24 Nov

Highstreet (HIGH) is currently valued around $1.44, and there is a strong narrative about its potential for growth within its niche in the metaverse and digital commerce space. To reach $7.40, which is over a 5x from the current price, several factors need to align:

Market Sentiment and Bitcoin Correlation: Like most cryptocurrencies, HIGH’s price tends to follow the broader crypto market trends, especially Bitcoin’s movements. A bullish market could significantly boost HIGH's price due to increased investor interest and liquidity.

Adoption of Highstreet's Ecosystem: Highstreet combines metaverse gaming and e-commerce, leveraging “phygital” products—blending digital and physical items. Greater adoption of its platform and use cases (e.g., in-game purchases, virtual real estate, NFTs) would directly impact demand for HIGH tokens.

Supply and Market Activity: With a circulating supply of approximately 68.93 million HIGH tokens and a fully diluted market cap of around $163.6 million, a surge in trading volume (currently 25M in 24 hours) and utility-driven demand could push the price higher​.

For HIGH to reach $7.40, focus on tracking key developments such as partnerships, metaverse-related news, and broader crypto market trends. However, this target may also hinge on long-term adoption of Highstreet's metaverse applications and growing institutional interest.