? $SAGA Price Prediction: Binance will open trading at 4pm. The two rounds of financing totaled 10.5 million yuan. The proportion allocated to investors in the token economy is 20%. Therefore, the average institutional cost is about 52.5 million yuan, and TGE has not unlocked it. The mining income forecast written last time was mainly to see whether it is still worth participating in a conservative situation. This time, the estimated opening operation is expected.
The Binance report shows that the initial circulation of $SAGA is 9%, 90m, but the release table in the report shows that the airdrop part is released in succession, and TGE only releases 1.5%. Binance's total mining volume of 45m accounts for the largest proportion. In addition, there are 0.004% and 0.002% of the ecosystem fund and foundation, which can be almost ignored. Therefore, the opening may have a large selling pressure.
Last time, according to the 1.3% yield, the price was about 3.5U+. Compared with ALT and DYM in the COSMOS ecosystem, it is difficult for the price to exceed 5U.
Based on the valuation of the track, mining income, and chip distribution, the reasonable opening price is predicted to be around 2.5-3.5.
After the opening, if the selling pressure can fall below 2.5, I will consider starting to accept some in batches, and shipping in batches above 3, and selling boldly if it is higher than 3.5.
