Crypto prices are flying higher.

Some scream bubble.But this is no crypto bubble. This is *repricing*.

This is the world repricing cryptos in line with stock prices, which are also not in a bubble, but rather priced appropriately given all the liquidity central banks injected.
Coinbase will be valued around $50-$100 billion. Based on that and using price multiples you can determine what the fair price for DEXes such as Uniswap and Sushiswap should be. https://www.forbes.com/sites/jeffkauflin/2021/01/29/coinbase-investors-say-it-could-hit-100-billion-valuation-when-it-goes-public/
Coinbase Investors Say It Could Hit $100 Billion Valuation When It Goes Public

In the last three months of 2020, Coinbase’s annualized revenue was $2.3 billion (roughly $600 million per quarter), according to a person familiar with its finances.

https://www.forbes.com/sites/jeffkauflin/2021/01/29/coinbase-investors-say-it-could-hit-100-billion-valuation-when-it-goes-public/
Great thread on $SUSHI, related to what I wanted to illustrate. Analysis fails in not accounting for barriers of entry: Sushi can be copy-pasted rather easily (have a look at $BAO if you need confirmation), Shopify cannot. https://twitter.com/dcfgod/status/1357176410410942465
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