You receive an Airdrop of
$JUP and don't know what price to expect per token?
Here is a very quick analysis of the price targets I monitor for
$JUP As in all my analyses, I rely on competitor data from @JupiterExchange
Here we will look at @1inch & @paraswap, two major aggregators
Daily volume smoothed over 7 days & current Mcap of their tokens
▫️ 1Inch: $300M for $450M Mcap
▫️ Paraswap: $55M for $50M Mcap
We obtain the following ratios of Mcap/volume:
▫️ 1Inch Mcap = 1.5 x Daily Volume
▫️ Paraswap Mcap = 0.9 x Daily Volume
Let's go to @JupiterExchange:
▫️ Initial supply: 1.35 billion
$JUP ▫️ Smoothed daily volume: $650 million
Our Valuation range is therefore:
▫️ 650 * 0.9 = $585 million or $0.43/JUP
▫️ 650 * 1.5 = $975 million or $0.72/JUP
This gives us a real and logical valuation of the @JupiterExchange token given the volumes achieved by the platform
The valuation will likely move out of this range upon listing, generating “FOMO” before moving towards this price range.
My personal opinion on this listing not Financial Advice
▫️ Below $0.43/JUP, I am a buyer
▫️ Between $0.43 and $0.8 (real valuation, I keep my tokens)
▫️ Above $1 I am a seller without hesitation
All 🔁 & ❤️are appreciated
#nfa #Write2Earn