A market relies on a seller and a buyer. The seller can ask whatever price they like and a buyer can accept or reject it. With regards to Animoca Yat can say $4.50 until he is blue in the face but nobody will buy his shares at $4.50. In the real world where buyers want to buy and sellers want to sell Animoca shares change hands for 65 to 70 cents. Why 70 cents not $4.50 ? because the same reason some dipsh*t paid $98.1 million for Pak's NFT art in December 2021 or Bitcoin trading at $66,000 and then it went down to $15,000 or BrainChip traded at $2.20 and the it went down to 9 cents or Betmaker traded at $1.66 and then went down to 8 cents and the list goes on and on.
Central banks printed a lot of money in 2020,2021,2022 and we all got very very excited and we thought it would never end and crazy assets got crazy inflated. Hey, SAND the Sandbox coin was 4 cents in 2021 and went to $12.16 in the same year then it went back to 43 cents this year.
In 1636 in Holland a single tulip bulb could buy a nice house, then in 1637 that same bulb was worth next to nothing.
People are essentially greedy knuckle-heads, I am sure there where a whole bunch a Dutch people in 1638 and 1639 holding onto their tulip bulbs waiting for new highs.
Animoca shares could recover, I hope so, but right now they are 70 cents and anyone who says "they are $4.50 they just need to be listed' is delusional. Profitability, desired products and barriers to entry will see the price climb. Sorry.
