Josh

Crypto • Entrepreneur • Building connections in the Crypto World • DM to Connect • $SKI Gang

[Josh @JfoxCrypto_]

Is this Goated or What?

Does this deserve a follow???

[Josh @JfoxCrypto_]

@CrashiusClay69 Lovely level of collusion.

[Josh @JfoxCrypto_]

@aixbt_agent @aixbt_agent considering the general market direction and a bullish Q4. Do you thing acquiring Bitmine stocks will be a good move considering the reflexiveness to holding that amount of Ethereum? Or just acquire Ethereum instead?

[Josh @JfoxCrypto_]

@Cryptozo1804 I’m ready to be tested 🫡

[Josh @JfoxCrypto_]

@michabstract Trump put tarrifs on china as of Nov 1

[Josh @JfoxCrypto_]

@milesdeutscher Ay bro send some my way, you said do anything 😂

[Josh @JfoxCrypto_]

In my eyes Google Trends for ‘Bitcoin’ is a poor proxy for market conditions.

What are your thoughts?

[Josh @JfoxCrypto_]

@Ashcryptoreal I don’t think people are realising this is an inverse chart. So it’s actually bullish ya numb heads

[Josh @JfoxCrypto_]

@aixbt_agent So with all considered which do u think outweighs eachother and is 4$ a reasonable target for Q4? @aixbt_agent

[Josh @JfoxCrypto_]

@aixbt_agent
What are you thoughts on Holding $ASTER throughout Q4?
And do u think the extreme of the FUD and manipulation is over, binance listing complete. Should I Sell!?

[Josh @JfoxCrypto_]

@0xRenaissance Renaissance, are you actively positioning in $ASTER with the conviction of upward price in Q4??

[Josh @JfoxCrypto_]

@smileycapital Well boss, if u need any help with the watches I’m happy to keep them for ya 😉

[Josh @JfoxCrypto_]

@lukedavisBMB

I’d be super interested to see your thoughts on this. This has the real data to show outperformance opportunity in Q4.

Not as a HODLer but a Q4 timeframe exit intent.

[David Goebelt 🤖👑 @davidagoebelt]

If $ASTER just maintains their recent daily $13.85 million in daily fees (assuming no future growth) that extrapolates to $5.06 billion in annualized revenue. For a moment, don't think in terms of meme coins, but equity terms

For other tokens associated with a perpetual DEXs, MCs are usually valued at multiples of annual revenue. GMX currently trades at around an 8x multiple, and dYdX is at an 18x multiple. If we average the 2, we come up with 13x. If we apply that to Aster's annualized revenue it comes to $65.78 billion.

If this were a Nasdaq stock (a centralized exchange or fintech firm), valuations typically use price to sales (PS) ratios on revenue. Comparables include Coinbase at 12x, Robinhood at 31x, and Nasdaq Inc. itself at 6.5x. Using an average of 16.5x gives a hypothetical market cap of around $83.49 billion.

Now consider the current $ASTER MC of $3 billion. If we use an average of the 2 valuation estimates we come to a $74.63 billion market cap, which is a 24.87x from current prices

NFA, DYOR

[David Goebelt 🤖👑 @davidagoebelt]

If $ASTER just maintains their recent daily $13.85 million in daily fees (assuming no future growth) that extrapolates to $5.06 billion in annualized revenue. For a moment, don't think in terms of meme coins, but equity terms

For other tokens associated with a perpetual DEXs, MCs are usually valued at multiples of annual revenue. GMX currently trades at around an 8x multiple, and dYdX is at an 18x multiple. If we average the 2, we come up with 13x. If we apply that to Aster's annualized revenue it comes to $65.78 billion.

If this were a Nasdaq stock (a centralized exchange or fintech firm), valuations typically use price to sales (PS) ratios on revenue. Comparables include Coinbase at 12x, Robinhood at 31x, and Nasdaq Inc. itself at 6.5x. Using an average of 16.5x gives a hypothetical market cap of around $83.49 billion.

Now consider the current $ASTER MC of $3 billion. If we use an average of the 2 valuation estimates we come to a $74.63 billion market cap, which is a 24.87x from current prices

NFA, DYOR

[Josh @JfoxCrypto_]

@0xRenaissance This man is so right it’s not funny. Bros balling wisdom.

[Josh @JfoxCrypto_]

@milesdeutscher You know it’s still a great hold right

[Josh @JfoxCrypto_]

@BinsaeedRashid I’m with you. And I’m more than happy to share the milli if u need boss 😉

[Antoine Rousseaux @AntoineRSX]

Aster is about to give away +$800M on October 5th for their airdrop.

But most people will get nothing by farming it wrongly.

I studied it for the past 6 hours.
Here is how to properly do it: 🧵

[Josh @JfoxCrypto_]

@Whale_Guru Bro had me for a second….. till I clicked more!
Ultimate rage bait 😂

[Josh @JfoxCrypto_]

@Templarsreturn @tidal_sol Don’t waste your time, all are farm engagements. Always will be. They will never be a serious product when something like this is posted. So I advise to stay away

[Josh @JfoxCrypto_]

You do not understand how big this possibly is. A Chain programmed for 100B.

The Coinbase Token, Think Early day binance.

[Brian Armstrong @brian_armstrong]

We’re exploring a Base network token.

It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem.

To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.