I noticed that some people are showing impatience and even expressing fear and criticism towards Thena simply because its price hasn't increased by 10 dollars over the month. It's time to objectively analyze Thena's potential and forecast the price it could reach in the future, considering key factors such as the circulating supply, weekly emissions, and potential market capitalization during the alt season.
Currently, Thena's circulating supply is 82,586,791.41 $THE . If we consider the projected weekly emissions until the last week of April 2025, the total circulating supply will reach approximately 101.59 million $THE. However, this figure is exaggerated for two main reasons:
1) Reduction in weekly emissions: weekly emissions are continuously decreasing by 1%.
2) Locked tokens: 30% of the issued tokens are locked, as they are distributed among veTHE holders (users who lock their $THE for a certain period).
For simplicity, this inflated figure will be used to calculate the potential future price of Thena.
