I think the market is discounting multiple businesses at the current stage. Looking at @EtherFi $ETHFI - LRT Market Dominance of +60% - Fortress Tokenomics (fixed 1B supply, zero inflation, dual buyback engine generating $16-24M/year) - Cash Card pivot $4M earned in its first 8 months - $ETHFI -94.8% from ATHs ~$0.44 - $15.1M fees in 30 days ( second highest besides Lido with $44.6M) - P/F ratio: 1.92x vs. Morpho: 7.38x The $60M target (15x from the current amount earned) for Card Revenue shows just how unproven and early Crypto Cards really are. Fee growth despite TVL dropping. Price hasn't caught up yet. Probably worth accumulating down here.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.