Imho, UNI should trade somewhere at par or just below COIN's value which is currently trading at $100B market cap as we speak. UNI is severely undervalued in relation to one its primary centralized competitors. UNI should at a very minimum trade at half the equity value of COIN.
At the current trading price of COIN that would put UNI at $95. If COIN continues to trade higher throughout the coming weeks and months, then this relative value ratio should rise with COIN's rising market cap. For example if COIN were to trade up to $200B market cap, then UNI's price should rise to $191 at a minimum.
Currently, UNI should at least trade at $50 Billion market cap imo considering the fundamental pieces I've spoken about previously. Please read my previous note before commenting.
At the current trading price of COIN that would put UNI at $95. If COIN continues to trade higher throughout the coming weeks and months, then this relative value ratio should rise with COIN's rising market cap. For example if COIN were to trade up to $200B market cap, then UNI's price should rise to $191 at a minimum.
Currently, UNI should at least trade at $50 Billion market cap imo considering the fundamental pieces I've spoken about previously. Please read my previous note before commenting.