The 18.24x for axie is pitched at $1.92 usd. The current price is actually around $42usd so that is pretty outdated info. The way this market moves we can’t possibly expect real time info on everything. Imo the forecast revenue for 2021 is probably rather conservative too and I would bet a higher actual.
Even at the 150m, this triple digit growth company can easily demand a 20x revenue on the market so a 3B is more than reasonable depending on the actual figures by year end.
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