There is a world where the Strategy tokens become the fungible arm of the NFT. 20-40% of many PFPs get absorbed into the pool over months (approximate % held by speculative traders vs. collectors within a collection, can differ), and the MC % reflects that. This would lead to a 100M+ MC for most of the top strategies.
I also feel that the NFT+Strategy total cumulative market cap for top strategies should be greater than most memecoins, especially now that the barriers to entry have been removed to allow them to be as accessible to anyone.
Me: “Hmmm wonder if BIRBSTR is too expensive at $3.7 million”
Also me: “I can’t believe WIF is only at $736 million”
All the strategy tokens might be underpriced.
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