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Boop.Fun leading the way with a new launchpad on Solana.
Jeff Dorman
CIO @arca - digital assets investing | Former COO of Harvest Exchange | Former Lehman, Merrill, Citadel | Huge Cleveland Sports Fan | CFA charterholder
Even cheaper when you realize FDV is a pointless metric for an amortizing (buyback) token
The right O/S supply is closer to 606mm tokens, which puts adjusted mkt cap at $27 bn (@ $45 $HYPE) = 13.5x P/E
Silly szn making people forget that good assets w/ strong CFs go up forever
18.7. klo 09.26
$HYPE is starting to look a little undervalued even when you use FDV (even though full supply will never be circulating)
~$2B annualized revenue at $45B FDV is a 22.5 P/E
The NASDAQ P/E average is ~35
Fair value using these conservative metrics would be ~$70
24,57K
Joined crypto in 2016, & have always thought revenue matters most. It always has, it always will.
A token’s value has always been at least partially based on fundamentals… it took 300 yrs for investors to figure that out with stocks. Only took a decade in a crypto.
17.7. klo 10.42
You can instantly identify somebody who joined crypto after 2021 - because they think chains are companies with revenue and token value arising from extracting a take rate.
You can easily tell somebody who joined crypto before 2021 - because they think protocols are open coordination movements that support freedom of economic activity and should minimise agency risk and extraction.
3,94K
Jeff Dorman kirjasi uudelleen
In order for OpenAI to scale, it needs Coreweave.
In order for Coreweave to scale, it needs Core Scientific and Galaxy.
OpenAI is worth $300B. Coreweave is worth $24B. Core Scientific is worth $2.4B.
This is not hard. Follow the money, do the math, place your bets, and prosper
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