OVER Token Listing Price Prediction: Valuation Indicators For Over Protocol
By Market Steam 13 Dec, 2024
Tension on OVER's performance on the first day of trading is growing as Over Protocol prepares for a mainnet public release and exchange listing of the network's governance token, OVER, on December 16, 2024.
This is a comprehensive analysis of everything that may affect Over Protocol’s listing price and first day valuation.
At A Glance
● The Ethanos-powered Layer 1 blockchain, Over Protocol, will formally go live on major exchanges on December 16.
● Over Protocol is a much-anticipated launch, governed by OVER, the native token of the blockchain with an initial supply of 190 million.
● The maximum supply of OVER is $1 billion, of which 15% is set aside for community incentives.
● At best, major indicators suggest a listing price of between $0.3 and $3.
● Over Protocol is viewed by the community as a potentially profitable long-term investment.
Over Protocol Listing Price And Valuation
By conventional measures, the amount of money raised has a big impact on how much a company or project is worth.
Nevertheless, for other industry-influenced reasons, many projects with modest funding amounts also have a tendency to do very well.
The project, Over Protocol, raised $8 million in funding from investors like SK Group and Netmarble, according to publicly available data.
A 10% investor supply is vested for two years with a six-month cliff and 18 months of linear vesting, according to Over Protocol's token distribution overview.
According to said schedule, the network was valued at $80 million at FDV, with funding based on a $0.08 token sale.
However, Over Protocol's valuation stays at $72 million when investor supply is taken out of the equation.
There is still speculation as to whether OVER's launch price will bring the Protocol's valuation closely to the initial supply marketcap or FDV.
The listing price of the OVER token is anticipated to be $0.37 per unit, based on the initial supply, which is known to be 190 million.
However, based on secondary attracted value through launchpool incentive programs on platforms such as BingX, community sentiment seems to anticipate a significantly higher listing price.
OVER BingX Launchpool To Influence Valuation
The community members and enthusiasts of Over Protocol largely agree with this sentiment, which has been underlined numerous times on social platforms.
More than $107.3 million in USDT, including 542.39 BTC staked for only 120,000 OVER tokens and the USDT pool for 280,000, shocked many.
Given the limited allocated OVER supply for said liquidity, the community expects a better performing first day trading for the Over Protocol’s token, OVER.
Additionally, the network's native asset has a higher price performance due to Over Protocol's status as a layer 1 blockchain with its own special scaling solutions.
The project's initial market capitalization is estimated to be between $380 million and $950 million, with an opening trading price of $2–5 and a fully diluted valuation (FDV) of $2–5 billion.
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