Got a few DMs asking about $ASTRO and its current valuation.
Let me provide you with my thoughts.
Currently, @Astroport_fi does 80-100m trading Vol /day.
This equates to ~$86k in $ASTRO buybacks /day once $xASTRO is activated (within 2 weeks)
Let me provide you with my thoughts.
Currently, @Astroport_fi does 80-100m trading Vol /day.
This equates to ~$86k in $ASTRO buybacks /day once $xASTRO is activated (within 2 weeks)
For comparison, $CRV has a MC of $1.9b w average daily earnings of $235k.
This gives $CRV an average MC/Earnings Ratio of 22.9.
Applying this same ratio to $ASTRO gives an estimated MC of $721m w price per $ASTRO at $6.56.
This gives $CRV an average MC/Earnings Ratio of 22.9.
Applying this same ratio to $ASTRO gives an estimated MC of $721m w price per $ASTRO at $6.56.
Now you must be thinking - $CRV is an established name while $ASTRO is a nascent protocol with key features still being developed.
Comparing the two is silly and unreasonable.
I fully agree.
But ask yourself this : Will $ASTRO continue to grow from here?
Comparing the two is silly and unreasonable.
I fully agree.
But ask yourself this : Will $ASTRO continue to grow from here?
Are you investing for a fast flip or a longer term hold?
Flippers should stay away from $ASTRO imho. Better returns on smaller caps with lower liquidity.
However, if you are looking for a longer term hold. $ASTRO is a pretty attractive buy.
Heres why:
Flippers should stay away from $ASTRO imho. Better returns on smaller caps with lower liquidity.
However, if you are looking for a longer term hold. $ASTRO is a pretty attractive buy.
Heres why:
1. $xASTRO goes live within 2 weeks.
2. @Astroport_fi 's trading vol will pick up significantly once dual farming goes live.
3. Lack of VCs = Level playing field for all. No Private sale dumps to worry about. VCs will have to market buy for a stake in the biggest AMM on $LUNA
2. @Astroport_fi 's trading vol will pick up significantly once dual farming goes live.
3. Lack of VCs = Level playing field for all. No Private sale dumps to worry about. VCs will have to market buy for a stake in the biggest AMM on $LUNA
4. $xASTRO = Power in @terra_money. VCs/POL w Voting power can control the $ASTRO emissions. This would likely be an additional perk in private sale discussions soon.
5. $SPEC and $APOLLO Vaults for @astroport_fi are already in the works and will soon be deployed.
5. $SPEC and $APOLLO Vaults for @astroport_fi are already in the works and will soon be deployed.
6. $SPEC and $APOLLO will accelerate the liquidity flow from @terraswap_io to $ASTRO.
7. It feels inevitable that $ASTRO will be integral for the $LUNA DeFi Ecosystem and the current kinks will be ironed out eventually.
7. It feels inevitable that $ASTRO will be integral for the $LUNA DeFi Ecosystem and the current kinks will be ironed out eventually.
I do feel that $ASTRO is undervalued below $2 even with their current lack of utility.
Think ahead and position yourself early. Your gains are diluted if you are just following the crowd.
Gona be DCA-ing into $ASTRO over the next few weeks.
Happy trading everyone. Cheers~
Think ahead and position yourself early. Your gains are diluted if you are just following the crowd.
Gona be DCA-ing into $ASTRO over the next few weeks.
Happy trading everyone. Cheers~
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