$VINE Elon Musk concept, currently valued at 36 million, with a high probability of reaching at least 100 million in value, very high odds
Coin Price: $VINE 1 On January 23, the founder announced a clear signal and on the day of launch, the market cap quickly reached 540 million from 30,000, an increase of 18,000 times;
It then retraced to a 100 million market cap, and upon being listed on Binance, it surged again to a 440 million market cap, an increase of 440%
As the MEME market cooled down, it fell to 22 million on March 28, with Musk promoting the potential restart of #VINE driving new growth to a 56 million market cap, a rise of 154%
It began to oscillate around a market cap of 28-30 million
Concept: Elon Musk concept, TikTok short video concept
Commentary: 1. Will it restart? I believe there is over an 85% chance of a restart,
Old Musk has mentioned VINE multiple times and initiated votes; from Old Musk's perspective, mentioning not doing it repeatedly is meaningless to him, just consuming credibility and expectations
At the same time, short videos are a trend, and Old Musk is aware of this. Americans need their own TikTok; X needs to integrate VINE alongside text, bringing in more creators and followers, which is good for X and good for Americans
If TikTok is taken down in the U.S. after 75 days, it will go live on X
2. If it restarts, what market cap to expect? Looking at the coin price and observing the weekly charts, it has clearly built a base around 20-30 million for a month, with strong backing buying in, the most reasonable buying space is in the market cap accumulation area above
If VINE restarts, it will at least bottom out at 100 million, with a potential to surge to 400 million, based on a 10x bottoming. The odds suggest a high probability for buying, and combined with the trading volume from Binance's contracts, it looks promising. If X goes live, Binance will naturally open a VINE spot trading pair, and in a bull market, we could see a 1 billion market cap, a 30x bottom.