/biz/ - Business & Finance

>>28730408
> $2

This would be half-decent I guess. If the devs actually build a decent aave competitor though, then in the best case scenario it would reach about $54, right?

> AAVE:
> 16,000,000 Supply
> $472.39 USD
> MCAP: $5,864,969,479

> ASKO:
> 138,509,844 Supply
> $0.12 USD
> MCAP: $13,017,633

> 138,509,844 [ASKO] / 16,000,000 [AAVE] = 8.65686525 [SUPPLY]
> $5,864,969,479 [AAVE] / $13,017,633 [ASKO] = 450.5403923278525 [MCAP]
> $0.12 [ASKO Current Price] x 450 = $54

Or is it, roughly 8X ASKO to AAVE in terms of total supply, so ASKO could in the current climate reach 472.39 / 8 = $59
I mean, this is at least going to hit $10 ~ $20 this run, probably $40 ~ $100 if the bullrun overvaluations on altcoins continue to happen. I could be wrong, but I feel like $2 is really undervaluing this. I think swingers will get priced out around this point.