@poguwogu
Given a similar price per active user, we can calculate fair valuations @2014 prices for ton coin
800/465*19.3B = 33.2M
@2024 prices, adjusting for 3.5% inflation per annum
33.2M * 1.035^10 = 46.8M
Market cap ratios:
Circulating MC: 46.8/19.83 = 236% (136% more)
FDV: 46.8/29.15 = 161% (61% more)
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