The so-called low FDV or high FDV should be discussed relatively.

When local dogs and imitations are first launched, the FDV is low. But it is not comparable with innovative projects. Its FDV is low at the beginning of listing, but as time goes by, it is not ruled out that it will be lower... Then its initial FDV is already a high FDV for it.

Some innovative projects have high FDV at the beginning of listing because of too high expectations. However, with the development of the ecosystem, it may first fall, then rebound, and finally break the previous high. Then its FDV at the beginning of listing may be low FDV.

Low and high should be discussed relatively. The so-called low or high FDV should be compared with the value of the project itself. Compared with other projects, low or high may not be comparable.