How much new money needs to enter the market?
For SAGA’s market cap to rise from approximately $7.4 million to $416.5 million its market cap would need to increase by around $409 million assuming the circulating supply remains the same.
However this does not mean exactly $409 million in cash must be invested. Market cap is calculated by multiplying the last traded price by the circulating supply. The actual net inflow required to move the price can be lower or higher depending on liquidity selling pressure and demand.
My honest opinion
SAGA reaching $1 is mathematically possible but it would require a price increase of more than 56x from its current price. So do not treat this as a guaranteed target when deciding whether to invest more money. Token unlocks and the project’s actual adoption also matter.
#Saga
#BinancePick
#EarningsSeason
#USQ3GDPAndSeptemberPCEDueNextWeek
#SouthKoreaDelaysCryptoIncomeTax
$SAGA
For SAGA’s market cap to rise from approximately $7.4 million to $416.5 million its market cap would need to increase by around $409 million assuming the circulating supply remains the same.
However this does not mean exactly $409 million in cash must be invested. Market cap is calculated by multiplying the last traded price by the circulating supply. The actual net inflow required to move the price can be lower or higher depending on liquidity selling pressure and demand.
My honest opinion
SAGA reaching $1 is mathematically possible but it would require a price increase of more than 56x from its current price. So do not treat this as a guaranteed target when deciding whether to invest more money. Token unlocks and the project’s actual adoption also matter.
#Saga
#BinancePick
#EarningsSeason
#USQ3GDPAndSeptemberPCEDueNextWeek
#SouthKoreaDelaysCryptoIncomeTax
$SAGA
