/biz/ - Business & Finance

That's just the current limited release CCIP numbers, not including all other services that are paid for. I don't necessarily disagree that it's over valued but if it is, then so are many many other projects (and some undervalued). It's propped up by speculation and you could argue it could be higher based on future revenue (Sergey has provided estimates for future revenue $50B-$100B). If that is a 7-10 years off, doesn't buy Link for $6 still make sense? I mean that would be $50 to $100 of revenue per link fully diluted. Even if he was off by a factor of 50, and it had revenue of $1-$2 per link in 7-10 years, you could still make a case that throwing some extra money at it is as justified as throwing it at an over inflated stock market. does real estate look enticing right now? There really is no "right" answer, the market is what it is - too high, too low, whatever. I just don't think link will be $6 forever (although it has felt that way at times). I think it's likely to increase in price as the services expand, which they almost certainly will.

>>56019949
Putting RWAs on chain is a new use-case. It's an irrelevant point though, as Sergey has already stated what they project future revenues to be.