(1/10) A thread about @FTX_Official token, $FTT
As you probably already know, @Coinbase will list on Nasdaq on April 14th.
This is a very bullish news for crypto in general, but more specifically for other Crypto Exchanges tokens, like $BNB and $FTT
As you probably already know, @Coinbase will list on Nasdaq on April 14th.
This is a very bullish news for crypto in general, but more specifically for other Crypto Exchanges tokens, like $BNB and $FTT
(2/10) I won't linger over why $BNB was and still is a good investment. Everybody knows it's the leading crypto exchange.
Instead, I will develop a few points that make me think $FTT will be one of the biggest winners of this $COIN Nasdaq listing.
Instead, I will develop a few points that make me think $FTT will be one of the biggest winners of this $COIN Nasdaq listing.
(3/10) Let's start with numbers.
Coinbase pre-IPO contracts are trading around $490 as we speak. (ftx.com/trade/CBSE/USD)
Based on its shares sold recently in private markets, at current pre-ipo price, Coinbase would list with an initial cap of $129 billion.
Coinbase pre-IPO contracts are trading around $490 as we speak. (ftx.com/trade/CBSE/USD)
Based on its shares sold recently in private markets, at current pre-ipo price, Coinbase would list with an initial cap of $129 billion.
(4/10) Now let's talk about facts.
- Coinbase 24h spot Volume = $2.3 Billion
- FTX 24h spot Volume = $1.2 Billion
- Coinbase market share = 1.73%
- FTX market share = 0.6%
(Source Coinranking)
- Coinbase 24h spot Volume = $2.3 Billion
- FTX 24h spot Volume = $1.2 Billion
- Coinbase market share = 1.73%
- FTX market share = 0.6%
(Source Coinranking)
(5/10) Based on the above numbers, FTX valuation should be between 34% - 52% of Coinbase's
That would be around $43B - $67B
Of course, FTX is not listed on Nasdaq (yet) so the projected valuation would be much lower.
That would be around $43B - $67B
Of course, FTX is not listed on Nasdaq (yet) so the projected valuation would be much lower.
(6/10) Currently, $FTT mcap is $4.2B
That's only 3.2% of $COIN projected initial cap.
That's only 3.2% of $COIN projected initial cap.
(7/10) Now, if you have ever traded at FTX, you know that @SBF_Alameda and his team built an amazing and very innovative platform.
Leveraged tokens, stocks trading, MOVE contracts...
Also they are listening closely to the community's feedbacks and are very active on socials.
Leveraged tokens, stocks trading, MOVE contracts...
Also they are listening closely to the community's feedbacks and are very active on socials.
(8/10) Last but not least, FTX also has a US regulated platform (@ftx_us), and SBF was one of the biggest donator of the Biden's campaign.
(9/10) TL;DR:
- $FTT current mcap is 3% of the estimated initial $COIN mcap.
- FTX has a fully regulated US Exchange and innovative products.
- His founder @SBF_Alameda is very well connected and built one of the top Crypto Exchanges platform in three years.
- $FTT current mcap is 3% of the estimated initial $COIN mcap.
- FTX has a fully regulated US Exchange and innovative products.
- His founder @SBF_Alameda is very well connected and built one of the top Crypto Exchanges platform in three years.
(10/10) If the "Next Crytpo Exchange to list on Nasdaq" narrative occurs, I would feel bad not holding some $FTT
Note 1: Not a sponsored tweet. I have no connection / financal link to FTX or its team
Note 2: I have been holding some $FTT for a long time now.
Note 1: Not a sponsored tweet. I have no connection / financal link to FTX or its team
Note 2: I have been holding some $FTT for a long time now.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
