Web3 valuations are a joke Chains with no users, no purpose, and no future, launching like Fortune 500 giants. This is the reset no one wants to admit we need and it may not be over 🎥👇

Yes 💯

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comparing a crypto FDV to a stock market cap makes 0 sense and you should know that

Why?

FDV assumes all tokens will be in circulation at the current price. If I make a token and lock 99.99% out of circulation and I just use some funds to bring the price up of the 0.01% in circulation, then the FDV will be astronomical and will not reflect actual price.

You are using an extreme example that does not apply to any legit or supposedly legit project I am also speaking of investors not traders Those that buy or sell knowing the FDV which can indeed be compared to a company valuation in Web2

The example was meant to be extreme to underline the problem in evaluating a crypto using FDV and then comparing it to stock market caps. BERA, which you mentioned earlier has over 76% supply locked. What happens if BERA doubles the max supply tomorrow? Double the FDV?

Of course not. But VCs invest knowing the FDV. But lets look at chains that don't have low float. Is Cardano worth nearly $25 billion? XRP $128 billion? Is TON even worth its current MC of almost $8 billion? $PI launched with around $15 billion valuation and $30 FDV. IMO its not worth 10% of either number. I could go on and on too. Whether we look at current or FDV, much of the valuations are ridiculous.

I get what you're saying and I agree with you. If we're talking mcaps, I feel like we're much closer to reality than FDVs. I think it's fair to say crypto is many times more speculative than tradfi which is why we can see overevaluations and underevalutions everywhere in crypto.

Thank you. Good insight.

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You are going to love my #Web3 game. Its a real 'game changer'...😜