Here's something I haven't seen anyone ask directly.
Pixels has over 1 million daily active users.
$PIXEL market cap is $5.2 million.
Do that math slowly.
1 million people interact with an ecosystem every single day and the entire token is valued at $5.2 million. That's less than $5 per daily active user.
In traditional gaming, a daily active user is worth $20-50 in platform valuation. In SaaS, even more.
Either the market thinks most of those 1 million users will never touch $PIXEL meaningfully or the market hasn't fully processed what 1 million daily active users actually means for a token with real in-game utility.
One of those is a mispricing. I'm just not sure which one yet.
What do you think - Is $PIXEL undervalued relative to its user base or is the user base not the right metric?