BBS price prediction
Feb 21, 2022 8:58 PM
Here are the core stats of the BBS token:
1. Right now there is 5.5% of the total supply released, which results in a market cap of $7.7mil.
2. The fully diluted market cap, which is far more important, is valued at $140mil.
3. The release schedule of the token is slow, linear and for the next 4 years. A steep increase would be bad.
4. The community will receive 50% of the total supply through engagement mining and 20% through staking, so the power is in our hands.
5. Only 8.625% is in the hands of VCs and 10% is allocated to the team. If they dump tokens, it's not that wild.
So the tokenomics are very good. Fully diluted mcap is already quite high.
In the short term there is much more upside potential because of the low mcap of $7.7mil. A mcap of $55mil would be reasonable because of the factors above. Then one BBS token would price in at $1.
For the longterm it's very difficult to say. As more tokens get released it's harder to increase in terms of token price. But my guess is that a price above $4 for the longterm should be an easy target. That would be a fully diluted mcap of 4 billion.
What do you think. What are your price guesses for the short and long term?
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