Analysis of @token_works strategies nav and mcap (part 2, 2 days later)
big drop in total mcap (118m to 87m), coming mostly from $PNKSTR.
overall nav of strategies stayed stable, but mcap down slightly.
several nav/mcap above 50% sign of very low trust in future volume imo.
Analysis of @token_works strategies and their asset values, market cap and NAV/MKTCAP.
as expected $PNKSTR value does not come from its nfts
(I hope strategies wont go above 100% as holders might start asking to liquidate nfts)
imo @token_works should keep the fast launches pace
they have the spotlight and should use that
plus unlike artblocks mints back in the day, most of the fees stay in the ecosystem through $PNKSTR or nft buys
Yet, however impressive some of the new protocols treasures are, and however large some of their points, their dilution does not allow for wealth accumulation on the scale of that by the bear-built ones.
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