Vana (VANA) is the 62nd project on Binance Launchpool. This Layer 1 project has not received much attention and sharing from the crypto investor community in Vietnam. Binance's decision to list a "technology coin" like VANA was not expected by many investors, given the interest in meme coins and AI.
Here is a summary of Vana (VANA) price predictions from the community, compiled and recorded by BeInCrypto.
What is the basis for predicting the price of Vana (VANA)?
According to the project's Whitepaper, Vana is the first open protocol for data sovereignty. It allows users to export their data from platforms and participate in data collectives negotiating directly with companies and AI developers. Technologically, VANA is an EVM-compatible Layer 1 (L1) Blockchain.
In September 2024, the project raised $5 million from Coinbase Venture. From the end of 2021 to the present, the project has raised a total of $25 million from well-known funds in the industry such as Polychain Capital, Paradigm, Coinbase...
VANA Token Distribution. Source: VanaAccording to Cryptorank, the tokenomics of VANA have a maximum total supply of 120 million VANA. Of this, 44% is allocated to the community, 22.9% to the ecosystem, 18.8% to the core contributing team, and 14.3% to investors.
According to the Binance announcement, 4% of the total supply, equivalent to 4.8 million VANA, will be used as Launchpool rewards. The initial circulating supply of VANA when listed on Binance is 25.7% of the total supply, which is around 30 million VANA. These numbers are helping the community provide suggestions and predictions for the VANA price when it is listed.
What will the price of Vana (VANA) be after it is officially listed on Binance?
In the first three quarters of the year, the prices of Launchpool projects usually drop sharply after listing. However, two recent projects, Scroll (SCR) and Usual (USUAL), have shown relatively good price movements. Therefore, VANA's price may have a positive reaction, thanks to the current market sentiment.
Compared to the two Launchpool projects this quarter, SCR and USUAL have a fully diluted valuation (FDV) in the range of $1 billion to $3 billion. Therefore, it is possible that VANA will have a price range of $8.5 to $25. Depending on the level of FOMO and investor demand, VANA's price may fall within this range.
However, some investors are even more optimistic, like Danny of Web3, who predicts that VANA's circulating market capitalization could reach billions of dollars.
"Let's start with a reasonable circulating market capitalization, with no listings on any exchange, of $250 million, which would give us a price of $8. A circulating market capitalization of $500 million with a few listings on exchanges like MEXC, Bybit & Gate, will give us a price of $16. But guess what? VANA is also listed on Binance, and with the Binance listing, I expect no less than $1 billion to $3 billion in circulating market capitalization. That means VANA will be priced at $33 to $100." - Danny of Web3 prediction.
According to Orioleinsights, the price range of VANA with the highest prediction rate of up to 70% is between $10 and $20, with over 31% predicting VANA will be around $15 to $20.
"Remember, Vana is a Layer 1 with tons of projects being built on it!! There's a lot to milk from this ecosystem." - Investor Headboy comment.
Join the BeInCrypto Community on Telegram to stay updated on the latest analysis and news about the financial market in general and cryptocurrencies in particular.
