Moon math is one of my favorite ways to speculate on things.
&& yes I understand it is not a perfect science.
But I still think it can help you identify anomalies and find undervalued assets!
For example, if we use Pudgy as the baseline, similar to what Paunch did...
We can see a few things that are REALLY interesting here.
1 Pudgy Penguin NFT equals...
- 1.1 Bored Apes
- 19.49 Rekt Guys
- 11.68 Doodles
&& then, if we take a look at the tokens of each respective asset.
1 $PENGU token equals...
- 4.02 $APE
- 6.86 $REKT
- 43.19 $DOOD
Now compare this, and let me know, across all of the tokens and NFTs. what is GLARINGLY obvious to be the outlier here?
I still hold ~99% of my $dood airdrop.
So what’s my target for $dood??
One key metric I’m watching is the @pudgypenguins vs. @doodles ratio.
1 Pudgy = ~11 doodles
But…
1 $pengu = 40 $dood
Not even getting into whether pudgy is over valued or doodles are undervalued as NFT’s. If we use the NFT ratio as the accurate representation of current brand market value.
Then 11 $dood should = 1 $pengu.
Which would put $dood at a MC of 160M.
Meaning that even after today’s beautiful pump. I believe there’s a valid case to be made that $dood could conservatively have room for a 4x from here.
At the end of the day, I’m not here to try and time the short game all while potentially missing out on maximizing the long game.
I really really believe in where @burnttoast is leading @doodles. And $dood imo, has nothing but upside potential.
As always NFA, DYOR.
I’m choosing to Believe in something. 🤙
It continues to be a joy partnering with Doodles to highlight their ecosystem.
I completely feel that they are overlooked many times, especially considering all the incredible partnerships / activations / and other awesome achievements they've already accomplished.
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