$CARDS is up 133% over thirty days and the protocol behind it earned 1,077,862 dollars in the last twenty four hours alone. That second number is the one worth your time.
This is a real world asset play in the most literal sense. The protocol tokenizes graded physical trading cards and sells randomized packs against them, and every pack sold is revenue. Measured over the last thirty days that revenue is 15,515,682 dollars. Annualize it and you get roughly 189M against a 245M market cap, so the token trades at about 1.3 times sales. There are very few places in this market where you can write that sentence with a straight face, because almost nothing here has sales to measure.
Lifetime revenue is 108,717,168 dollars. This is not a narrative waiting for adoption, the adoption already happened and it is denominated in Pokemon cards.
Now the detail nobody is looking at. Revenue routed back to token holders over the last thirty days totals 11,574 dollars, and 8,086 of that landed in the last twenty four hours. In other words, the holder side of the machine was essentially switched off for a month and has just been switched back on. Lifetime, that line has paid out 748,306 dollars. Whether it stays on is the entire thesis from here, because a protocol earning a million a day that sends nothing to its token is just a good business with a ticker attached.
Levels: 0.3254 is the high and the first resistance, 0.2991 and 0.2685 are stacked under it, and price sits at 0.2738 after giving back 9.8% today. The demand zone from the September base sits between 0.155 and 0.165.
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#cards #rwa #altcoin #crypto #solana
This is a real world asset play in the most literal sense. The protocol tokenizes graded physical trading cards and sells randomized packs against them, and every pack sold is revenue. Measured over the last thirty days that revenue is 15,515,682 dollars. Annualize it and you get roughly 189M against a 245M market cap, so the token trades at about 1.3 times sales. There are very few places in this market where you can write that sentence with a straight face, because almost nothing here has sales to measure.
Lifetime revenue is 108,717,168 dollars. This is not a narrative waiting for adoption, the adoption already happened and it is denominated in Pokemon cards.
Now the detail nobody is looking at. Revenue routed back to token holders over the last thirty days totals 11,574 dollars, and 8,086 of that landed in the last twenty four hours. In other words, the holder side of the machine was essentially switched off for a month and has just been switched back on. Lifetime, that line has paid out 748,306 dollars. Whether it stays on is the entire thesis from here, because a protocol earning a million a day that sends nothing to its token is just a good business with a ticker attached.
Levels: 0.3254 is the high and the first resistance, 0.2991 and 0.2685 are stacked under it, and price sits at 0.2738 after giving back 9.8% today. The demand zone from the September base sits between 0.155 and 0.165.
Follow me for daily on chain breakdowns like this one.
#cards #rwa #altcoin #crypto #solana