I keep falling back on valuation to ground the thesis and I’m happy @AviciMoney has live metrics to track. Avici is doing ~$130k per day or ~$2.9m in the last 30 days. That’s a ~$35–48m annual run rate depending how strict you slice it. Mcap ~$47m So the market is valuing the entire network at roughly 1x what it already moves today. For people who aren’t familiar with multiples on this sector think of it this way. 1x assumes spend stops growing. 2–3x is a normal payments network with repeat usage (already proven). 4x+ is when consumer finance starts to materialize (in the works with virtual accounts, business account growth, and a real checking account layer). The question isn’t whether avici deserves more than 1x it’s more how fast the multiple rerates as spend keeps compounding (first quarter was explosive). At today’s valuation you’re paying for now; you’re not paying for what comes next. Anyone with a brain forecasts on future valuation because markets are forward looking.(CryptoISO)