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Crypto twitter screaming for $20 $SUSHI is cutting themselves short
Few actually understand but $SUSHI could be one of the easiest 10x bets you can make right now
If you're reading this you're early, don't screw up this trade:
Few actually understand but $SUSHI could be one of the easiest 10x bets you can make right now
If you're reading this you're early, don't screw up this trade:
GMV (daily trading volume) is $500M
Revenue (daily fees) is $1.2M
Annualized that's $182B GMV and $440M Rev.
Sushi stakers get part of that revenue so add a 10% dividend
market cap is $2bn ($15.30 / sushi)
Let's compare to some other businesses to get a valuation:
Revenue (daily fees) is $1.2M
Annualized that's $182B GMV and $440M Rev.
Sushi stakers get part of that revenue so add a 10% dividend
market cap is $2bn ($15.30 / sushi)
Let's compare to some other businesses to get a valuation:
@Shopify feels like a good comparison as it's "GMV" is just volume of merchant sales
$150bn GMV translates to a $190bn market cap (1.2x)
By the same metric, Sushi should be a $200bn company ($1530 / sushi)
$150bn GMV translates to a $190bn market cap (1.2x)
By the same metric, Sushi should be a $200bn company ($1530 / sushi)
Okay, sure "but shopify keeps more revenue than sushi!"
Shopify keeps 2% of it's revenue, Sushi keeps like 0.2% (1/10th)
That still prices sushi at $153/sushi (10x from here)
And shopify pays no dividends....
Shopify keeps 2% of it's revenue, Sushi keeps like 0.2% (1/10th)
That still prices sushi at $153/sushi (10x from here)
And shopify pays no dividends....
$2bn may sound high, but it's nothing:
- Beyond Meat is $10B
- Just this week I saw offers with caps of $5B+ for "hot" tech companies like Scale AI and Plaid
- Here is a $3bn market cap, publicly trade-able, Uber fork with less than 500 drivers: https://hindenburgresearch.com/facedrive/
- Beyond Meat is $10B
- Just this week I saw offers with caps of $5B+ for "hot" tech companies like Scale AI and Plaid
- Here is a $3bn market cap, publicly trade-able, Uber fork with less than 500 drivers: https://hindenburgresearch.com/facedrive/
All you need to ask yourself is "Does an exchange processing hundreds of billions of dollars create more value than peas and chemicals squashed together into not meat?"
yes, it does
yes, it does
If you're reading this - you are early.
This is a rare opportunity where you can buy a piece of a project before the suits who usually make "pre ipo, private deals"
But the corpos are coming and they will reprice these projects when they find them: https://twitter.com/santiagoroel/status/1357148156480217090
This is a rare opportunity where you can buy a piece of a project before the suits who usually make "pre ipo, private deals"
But the corpos are coming and they will reprice these projects when they find them: https://twitter.com/santiagoroel/status/1357148156480217090
And, this is all before the insane roadmap:
- Miso contracts (anyone can launch and bootstrap liquidty for a project)
- Bento box (new lending solution)
- Solana version
- Moonsushi Polkadot airdrop
- Maybe L2 (yearn devs will handle this)
- Miso contracts (anyone can launch and bootstrap liquidty for a project)
- Bento box (new lending solution)
- Solana version
- Moonsushi Polkadot airdrop
- Maybe L2 (yearn devs will handle this)
Not financial advice, but this isn't the time to say "but it's already up 5x!!"
It's the time to quickly understand, and ape. You're not even betting on growth, you just need to wait for the project to get priced fairly.
It's the time to quickly understand, and ape. You're not even betting on growth, you just need to wait for the project to get priced fairly.
Now, sit back, stake your sushi, and simp for @0xMaki @0xJiro @Boring_Crypto and the team
They will take care of us....
They will take care of us....
