Arthur Hayes' family office Maelstrom sets a target price of $4 for $CARDS by late summer. The core logic isn't just simple "hype trading"; rather, it's that the Collector Crypt's trading card business on-chain is generating cash flow.
The report states that its annualized profit in May was about $54 million, and total annualized revenue in June could reach $2.4 billion, with an annualized profit of around $109 million. In terms of model, the platform buys physical cards in bulk at a discount, then sells them through digital card packs after going on-chain. Users can resell their packs post-opening at about 85%–93% of market price, allowing the platform to earn an approximate 4.5% overall profit margin.
Currently, GMGN shows CARDS trading at $0.2674, with a market cap of about $535 million, up 3.56% in the last 24 hours. If profits are realized, the valuation narrative will strengthen; however, moving from the current price to $4 indicates extremely high expectations, so the focus will be on whether the revenue growth can be sustained.
#CARDS #代币化 #tradingcards
The report states that its annualized profit in May was about $54 million, and total annualized revenue in June could reach $2.4 billion, with an annualized profit of around $109 million. In terms of model, the platform buys physical cards in bulk at a discount, then sells them through digital card packs after going on-chain. Users can resell their packs post-opening at about 85%–93% of market price, allowing the platform to earn an approximate 4.5% overall profit margin.
Currently, GMGN shows CARDS trading at $0.2674, with a market cap of about $535 million, up 3.56% in the last 24 hours. If profits are realized, the valuation narrative will strengthen; however, moving from the current price to $4 indicates extremely high expectations, so the focus will be on whether the revenue growth can be sustained.
#CARDS #代币化 #tradingcards