- A popular crypto analyst compares a decentralized crypto exchange (DEX) with traditional finance (TradFi) markets to calculate its real-world value and claims that the platform’s altcoin could experience a 3x increase.
Host of InvestAnswers, decentralized finance (DeFi) platform to 443,000 YouTube subscribers Uniswap (UNI) He says he is taking a close look at how it is performing against two major exchanges and central cryptocurrency exchange Coinbase.
“Comparison of Uniswap and TradFi exchanges. This is how I do most of my valuations. I asked myself, ‘What would it be worth in the real world?’ I ask.
New York Stock Exchange [NYSE]I went to the Nasdaq, Coinbase, and Uniswap websites to review the data. I examined their market values and incomes and got different rates.”
The analyst states that Uniswap, with a market cap of $6.7 billion against $1 billion in revenue, is almost twice as valuable as the NYSE on the metric. Stating that Coinbase currently has a market capitalization to revenue ratio of 2:1, the server believes that the largest US exchange will have problems in 2023.
“Using this very rough criterion, Uniswap is the most valuable with 6.7. Coinbase is the most affordable among them. Platforms like the NYSE and Nasdaq are also extremely profitable.
Coinbase may face profitability problems and revenue growth problems next year. Along with all the other terrible news and headlines, that’s why he’s having difficulties.”
The InvestAnswers host believes that decentralized exchanges in general have survived the last bear market well, and UniswapHe says that while DeFi isn’t the “fastest horse” in its niche, it could potentially triple.
“We’ve seen the growth of DEXs, their popularity and this month’s [piyasası] Given how they survived and prospered in the winter of Uniswap I believe it’s pretty bright for…
I believe DEXs are the future of the industry. [UNI] It’s down 81 percent from its all-time high and 54 percent in the last 12 months. The real question is whether Uniswap can 3x from here. Yes, I believe it is possible. But are there faster horses? Of course there is.
Does inflation cause price pressure? Yes. But could this be 3x? Yes.
I don’t have Uniswap. I bought it last year, but I no longer have it.”
Uniswap, which has been trading with an increase of over 7 percent in the last 24 hours, is at $ 9 at the time of writing, according to CoinGecko data.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.