I've never traded crypto before but someone in the group sent through some info on this and I couldn't resist. I think the point @GoldGrillz made in the ST thread on BUND is incredible
"You won't find a stock on the ASX capped at $1.6m with only 97,120 max shares on issue ever. Of the tokens on issue there is only approximately 40,000 outside of major holders and developers. In $ terms that is less than $1m of free supply."
It does give you a bit of 'fear of missing out'.
A modest US$10m valuation would be $104 a token. I've already seen some expectations doing the rounds of a US$70m valuation by July. That equates to $729 a token. Last trade price $16.21 a token, fully diluted market cap US$1.5m. It can do 1000% just to reach a US$15m value which would be small in the APY/NFT crypto space my research has shown.
I've bought enough to keep me interested but not enough to lose sleep if it went to 0. I think this is a wise approach to both shares and crypto.
