$CHAMP Token Price Prediction + Trading Plan
$CHAMP token will be listed on the decentralized exchange @AerodromeFi at 3:00 pm on Wednesday 20th. Below is my personal prediction of the token price and my own trading plan (DYOR)
Project basics
Token airdrop plan launched, is the web3 mobile game Super Champs worth participating? - ChainCatcher
Their investment institutions are very luxurious: Solana, Coinbase, Animoca Brands, OKX venture, Maxtrixport, BITKRAFT, Liberty City, Dapper Labs, OpenSea, etc. This investment lineup is very…
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Let me first say the conclusion: buy small when it is below 0.05, buy big when it is below 0.03, don’t sell before breaking through 0.1, and wait until it reaches 0.2.
1. First, why not sell before breaking through 0.1:
Refer to other blockchain game projects that issued tokens this year
CHAMP raised 30 million. If we use the average market value/financing of the above projects, we can get the theoretical market value of CHAMP to be 238 million. The total number of tokens is 1 billion, so the theoretical price is 0.238. But no one knows whether it can really reach 0.238. I wish CHAMP holders can wait until 0.238 and make a fortune together!
But I will not sell below 0.1 at the lowest. I will consider selling after it breaks through 0.1.
In addition, the CHAMP project team chose to list on DEX first, which is also the reason why I will not sell it too early. Because every subsequent listing on a CEX is a positive factor that will increase the price of the coin. And CHAMP’s investors include OKX Venture, Coinbase, and KuCoin. It is difficult to list on OKX (many projects invested by OKX Venture are not listed on OKX), but I estimate that the remaining two will be listed after a while.
Why buy below 0.05
0.05 is the pre-sale price that the lizlabs platform gave to their NFT holders in September. I guess it is also the price given to some KOLs. If the price is lower than 0.05, there will be optimistic investors who will buy at the bottom.
Why buy below 0.03?
If the coin price is 0.03, the market value will be 30 million. The total amount of SuperChamps financing is also 30 million. In my experience, for a serious web3 project, if the market value and financing amount are the same, the price at this time is greatly underestimated.
The last project of this kind was Big Time (which also adopted the Fair Launch model like CHAMP). On the first day of listing in October last year, a large number of users sold the tokens they received from the airdrop, causing the price of BigTime to reach a minimum of 0.014, with a market value of 70 million. Previously, Big Time raised a total of 90 million US dollars through VC financing and the sale of NFTs. Then the price of the coin began to rise wildly: from 0.014 to 0.3 within a week, and the price was close to 1 US dollar in December.
Share my opinion on the project's transformation of the original token vc model into the Fair Launch model:
Support + expectation!
Because most of the vc coins in this round peaked at the time of issuance, the continuous selling pressure from investors and the overall weakness of altcoins caused many tokens to fall by more than 90%. Community players bought coins to become diamond hands when they were optimistic about the project, but ended up losing a lot of money. Retail investors lost money, and the project owner also lost users.
From this perspective, SuperChamps' decision to unlock all investors' shares when issuing the tokens is correct, so as to absorb the potential selling pressure. In this way, the long-term tokens are more likely to rise. The team's share is still in accordance with the original plan: lock up for half a year and unlock after 2 years. This shows that the project party is obviously planning to develop in the long term.
Finally, it is worth mentioning that SuperChamps has always been the project with the most users on the Base chain (excluding DEXs that support multiple chains, such as Uniswap). If Trump really promotes the development of blockchain business in the United States after taking office, Coinbase will most likely benefit, and Base and SuperChamps will also benefit together. The future is bright!
Summary: I didn’t buy enough from Big Time last year, will CHAMP give me another chance this year?