KOLs who publicly raised LAYER will not tell you that their cost is this price, and they don’t lock up their positions.
Short or long, one article to help you analyze
———————
———————
The total amount of LAYER is 1 billion: 6% (60 million) was publicly offered, with a total price of 21 million USDT. The public offering is not locked, and the cost is 0.35U per unit.
Binance will announce the initial circulation of 20% (200 million) at 10 o'clock tonight, of which 3% (30 million) will be airdropped to HODLer holders, and the cost of this part is equivalent to 0.
Then the remaining 11% is left for on-chain interactions, teams, consultants, and insider trading. This part of the cost is estimated to be lower than public offerings.
Comparative analysis of ETH and SOL ecosystems:
Currently, the largest re-staking protocol on Ethereum is EIGEN, with a circulating market cap of $423 million.
1_DEX's uni and jup circulating market caps are $5.998 billion and $2.289 billion, respectively. If calculated based on this market cap ratio, then LAYER's circulating market cap is $161.5 million; calculated with a circulating quantity of 20%, the unit price is $0.8075.
2_Ethereum's market cap is $327 billion, and SOL's market cap is $99.8 billion. If calculated based on this market cap ratio, LAYER's circulating market cap is $129.1 million, with a unit price of $0.6455.
Based on Binance's new issuance, it is generally overvalued, and the opening price may reach 5-10 times the public offering, which is between $1.5 and $3.5.
Based on the relatively small circulating market cap, be cautious of both long and short explosive pin bar trends#币安Alpha上新 #bnb .
