A popular cryptocurrency analyst attempts to compare decentralized cryptocurrency exchanges (DEX) to traditional financial (TradFi) markets to calculate their real value.
InvestAnswers anonymous host tells 443,000 YouTube subscribers how decentralized finance (DeFi) platform Uniswap (UNI) compares to two mainstream stock markets and centralized crypto exchange Coinbase says he wants to see
“Comparing Uniswap and the TradFi exchange. That’s how I do a lot of evaluation.
raised the New York Stock Exchange [NYSE], Nasdaq, Coinbase, Uniswap. We took their market cap, took their earnings, divided the market cap by their earnings, and got various ratios. “
Analysts say Uniswap, with a market capitalization of $6.7 billion and revenue of $1 billion, is almost double the price of the NYSE based on metrics. Coinbase currently has a 2:1 market cap to revenue ratio, but the host believes the major US exchange could face challenges in his 2023.
“Uniswap at 6.7 is the most expensive using that very rough metric. Coinbase is actually the cheapest. Things like the NYSE and Nasdaq are actually very profitable.
Coinbase could face profitability issues and revenue growth issues next year. That’s why it’s getting worse, barring all the other bad news and coverage. “
The InvestAnswers host believes decentralized exchanges have generally weathered the recent bear market well, with Uniswap likely to triple in value despite not being the “fastest horse” in the DeFi niche. says there is.
“Given the growth of DEX, its popularity, and how it has survived and thrived in this bear market, [market] Winter, I think the future of Uniswap is very bright…
DEX I believe is the future. [UNI is] 81% off all-time high, down 54% over the last 12 months. The question is whether Uniswap can triple from here. Yes, I can. But are there faster horses? yes.
Does Inflation Cause Price Constraints? yes. But is this 3x? yes.
I don’t own Uniswap.It was last year, but not anymore. “
At the time of writing, Uniswap is down 2.47% over the last 24 hours, trading at $8.27.
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