Looks tough. 5$ price roughly translates into US$ 300B market cap. Compare this valuation to that of Tesla (US$ 50) or Bank of America (US$ 300B) which turns US$ 2B profit a quarter. Market fundamentals do not indicate that... however the FOMO mentality may drive the price up above justified valuations level.
Looks tough. 5$ price roughly translates into US$ 300B market cap. Compare this valuation to that of Tesla (US$ 50) or Bank of America (US$ 300B) which turns US$ 2B profit a quarter. Market fundamentals do not indicate that... however the FOMO mentality may drive the price up above justified valuations level.