Combining TVL and pre-market capitalization to estimate the opening price can provide a more comprehensive view of the token’s value. However, it’s important to understand that TVL and market capitalization reflect different aspects of an asset’s value.
Combining TVL and Market Capitalization
To get a more holistic estimate, we can consider both factors:
1. Total Value Locked (TVL): $866.67 million.
2. Pre-Market Capitalization: $265.45 million.
3. Circulating Supply: 494,600,000 tokens.
Estimated Opening Price
We can calculate the average of the two price estimates based on TVL and market capitalization:
Price Based on TVL
Price =(866,670,000/494,600,000)≈$1.75
Price Based on Pre-Market Capitalization
Price =(265,450,000/494,600,000)≈$0.54
Average Opening Price
Average Opening Price=(1.75+0.54)/2≈$1.15
By combining these two factors, the estimated opening price of USUAL in the spot market could be around $1.15 per token.
Note: Always prioritize DYOR (Do Your Own Research), invest only what you can afford to lose.
