In this article I analyzed the project, the tokenomics, the unlocks, fundraising, why the price is going down, the best price to buy and what price to expect.
What is $PORTAL ?
Portal aims to unite games and gamers from various blockchain networks on its cross-chain token platform, establishing a united Web3 gaming ecosystem.
Through its partnership with LayerZero, Portal enables a seamless multi-chain experience for gamers, connecting siloed Web3 games with new players through a sleek user experience.
Portal's technology delivers gamer access and game distribution for a vast array of titles, paving the way for a smooth transition for Web2 gamers into the Web3 universe.
Now about the fundraising💰
I didn't found any information about the investors.But I found how much was invested, in PORTAL was invested at total $29Million, with a 0.0879$ price per coin for private and public investors. Now they have a 24x ROI. What is good because normally the investors want more ROI, like 100x or even more.
Also we now that private investors bought 22%(220Million coins) of total supply and the public investors bought 11%(110Million coins).
About the tokenomics🔥
PORTAL total supply is 1 Billion coins! 33% of them are for the investors, what is a good point due to the fact that the investors will be interested in manipulate the token price to grow up and sell after with a good price.
Now is unlocked 16% of total suppply, with a $363Million market cap. If we compare PORTAL with another gaming projects like SAND and APE we can see that all this projects overtaked $2Billion and even more market cap in the last bullrun.
So let's suppose that portal reach $2Billion market cap on this bullrun, it will have a 12.12$ price per coin already having almost 6x ROI from the current 2.20$ price.
What is trully possible due to the fact that the IMX have a $4Billion market cap right now, SAND have reached $6Billion market cap on last bullrun,and APE in the last bullrun almost reached $7Billion market cap.
There will be 3% unlocks every month starting from 29/03/2024, what is a good point because that means that the coins are gradually unlocked.
Why is PORTAL price going down?
There was a launchpool on Binance with 5% of total supply. The token was released with a 16% of total supply. So basically 5% of that 16% are from the launchpool, so the people are just selling all their coins from the launchpool and that's why the price is going down.
IF YOU BOUGHT PORTAL AND YOU ARE IN LOSS DON'T SELL!!! wait some months and it will rise back.
Remember this rule: never buy new listed tokens on the first day of listing, there will be big volatility and big risks of loss.
What price to expect?🚀
As I said before it have a big probability to reach $2Billion market cap, so that mean that it will reach 12$ or even more.
In my opinion on this bullrun the gaming tokens will rise very well, sot he Portal can even reach 15$ or 20$ price.
What is the best price to buy?
Now it's trading with a 2.20$ price, so if you buy now and it reach 12$ you will have 5.5x ROI, but you can wait more and buy under 2$ price and earn even more.
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Share your opinion about the project in comments👇
Always Do Your Own Research(DYOR)
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