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jon_charb
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A few weeks ago, the at the time completely absurd (and indeed fake) CT rumor was that
Ripple
was offering $20bn to buy Circle
$CRCL closed today at $21.6bn MCAP
Incredible
#XRP
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jon_charb
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its really quite funny how CT finally starts to value tokens on fundamentals/revenue then at the same time tradfi just sends $CRCL equity to the moon with absolutely no regard for underlying financials
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im not sure if its better or worse that crypto people have started getting into fundamental analysis lately while most of them dont actually understand basic financials yet
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projects with live tokens should be building out proper investor relations functions have had convos with some existing projects recently about this, it's coming this alongside more standardized disclosures & reporting will be a great development for the space
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idt we fully appreciate yet how big of an unlock real-time open data is for crypto the world is moving faster & accelerating the suits wait 3 months to find anything out will become clearer as data infra & reporting standards improve so that we can interpret it better
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whats sbet nav?
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