BULB could do a x100 or x200 in the next month. This seems like a very bold statement but I am going to try to explain what my thesis is and where this assessment comes from in the most detailed way possible.
BULB is a token that has not yet been launched but has been distributed, which has caused unofficial token exchange pools to appear. As you can see in the image below currently the value of the BULB token is $0.001232.
The BULB token after the last burning of 250 million tokens leaves a maximum circulating issuance of 750 million.
If we multiply by the value of the token it gives us a ridiculous market capitalization of $924,000. I have seen very few tokens with such a low market capitalization.
But now let's make a comparison with some tokens of the same type, write to earn or read to earn, social tokens.
Steem, for example, has a market capitalization of 139 million dollars.
Hive has a cap. market of 165 million dollars.
Torum has a cap. market of 15 million dollars.
DESO has a cap. market of 372 million dollars.
I could continue with more tokens but I think you get the idea. I know that some of these are not just tokens but blockchain in themselves but others are not and all of them are very far from the ridiculous cap. market of 924,000 dollars.
If we do some simple calculations we will see that to reach half the value of Torum we would have to make a x10 of the current value and if we reached the value of Steem we would mark a x200.
In this screenshot we can see the latest general data they gave at the beginning of the year and see the users they had, in addition to the growth. Now it is you who can judge whether this token is undervalued or not.
In about a month it will be officially launched on the market and we will be able to see if my thesis is correct or I am completely wrong.
The market will pass judgment.
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