According to BlockBeats, a unique reference for minimizing investment costs has been proposed, based on the 'Market Value - Valuation' method. The significance of 'Market Value being 1-2 times the Valuation' in the table is explained as follows: If Venture Capitalists (VCs) cannot achieve more than 2 times the returns, they would prefer to buy BTC directly. When the coin price is at 1-2 times the valuation, it is as if the project party is repurchasing the coins from the VC's hands. At this point, there is nothing to smash, and market makers can inject liquidity.
The reason for not looking at seed round valuations is that VCs may only hit one out of 50 seed round projects, and they deserve to earn this money. Moreover, seed round valuations and unlock dates are chaotic and unpredictable.
The reason for looking at Market Cap instead of FDV is that most blockchain projects find it difficult to operate for more than 2 years, while FDV starts at 5 years. If calculated based on FDV, the meaning of this table would be poor.
The guide can be used as follows: Green represents the coin price in the 1-2 times valuation; Blue represents the coin price in the 2-3 times valuation; No color represents the coin price above three times the valuation; Red represents the coin price that has fallen below the valuation. In theory, market makers need to maintain their market value in the 1-3 times valuation range, as there is no room for further decline. This is not the only measure, but it is an important one. Therefore, maintaining a strong coin price, such as 2 times the valuation or above, means that the market maker is of higher quality.
For some projects that do not have a valuation, the valuation is derived from data provided by CoinMarketCap, RootDataLabs, and token unlocks. Some projects do not have PR valuations, so they have to try to make valuations.
Note: Extra attention needs to be paid to the parts highlighted in yellow, which are coins that will be unlocked in May-June, which will bring additional selling pressure to the market. The table will be updated with relevant data after the unlock.