“Yet”… I’m not going to say it. But you know it and I know it. That Aethir dot is going to change location soon @AethirCloud - fundamentals.

Dylan Bane
@dylangbane
05-17
DePIN token valuations are driven by liquidity - not fundamentals (yet).
Protocols with similar revenue trade at vastly different P/S multiples correlated mostly to liquidity depth.
But for new DePINs - the path to liquidity access starts with revenue and fundamentals growth.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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