WHAT CRYPTO EXCHANGES ARE OVER/UNDERVALUED?
Ranking exchanges by volume/market cap ratios
a.k.a Why you should buy $FTT
Ranking exchanges by volume/market cap ratios
a.k.a Why you should buy $FTT
TAKEAWAYS:
Coinbase and Uniswap are overvalued.
$SUSHI and $FTX are CRAZY undervalued.
We can't buy Binance's cash flows so I won't talk about it.
Coinbase and Uniswap are overvalued.
$SUSHI and $FTX are CRAZY undervalued.
We can't buy Binance's cash flows so I won't talk about it.
All this means I'm really bullish on FTX, and thus $FTT
The $FTT token is kind of a security in that it uses exchange fees to buy back the token, which raises the price.
This is backed up by about 1/3rd of all exchange fees.
The $FTT token is kind of a security in that it uses exchange fees to buy back the token, which raises the price.
This is backed up by about 1/3rd of all exchange fees.
Also, the token on the open market is actually trading at a discount to venture money.
The VC round that just closed values FTX at $25 billion, and the token fully diluted is worth $20.7 billion.
So if you buy $FTT, you're paying less for a share of FTX cash flows than VCs
The VC round that just closed values FTX at $25 billion, and the token fully diluted is worth $20.7 billion.
So if you buy $FTT, you're paying less for a share of FTX cash flows than VCs
Also I'm ignoring a bunch of stuff like:
• CAC and LTV and revenue/tx
• Spot is different than futures/derivs
• CEXes and DEXes are different
• Volume =/= revenue
But whatever, you should still buy $FTX
• CAC and LTV and revenue/tx
• Spot is different than futures/derivs
• CEXes and DEXes are different
• Volume =/= revenue
But whatever, you should still buy $FTX
• • •
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