Linea Ally Inscription Price Prediction
50 crypto communities valued to be at $10 Billion, did something that haven’t been done before, although this is to my best knowledge. Inscription is something that has been spreading for a while now, I can’t count how many inscriptions I have inscribed across different chains, some of them are successful, while some of them can be classified as a failure. They joined the trend hoping to be the next big thing but not everything will be as successful as others.
Here is my 2 cent on this project, here is why this project might be one of the most successful inscription in the whole crypto community or become the biggest failure in the whole crypto community. First of all their 21 Billion supply of the inscription, this whole inscription is to be inscribed by the whole community. 50 communities supporting an inscription seems like a very big deal, meaning the utility of the inscribed token would be vast right? During inscription, wallets were allowed to mint as much as they could depending on how many cards they had, and each cards is allowed to have 1,000 token mint. There was over 1.5 Million mints, with each mint ranging from $2 to $3.5 and there are 120,741 holders. The marketplace has not been launched yet, but when it launches the value of the inscription will be determined by the community and how much they are willing to sell it.
The price prediction goes this way, it has 21 Billion supply, with over $2 Million spent in gas fees to mint this inscription, most people would want to make their profit invested in minting the inscription. This is because inscription wasn’t free, imagine spending over $100 in minting, would you want to sell your inscription below that? That would be a total waste of time and effort. But if you minted it for free, may be that would have been more reasonable. Now lets try and do some price prediction test can we? How much do you think the token will be listed at and what do you think the market cap would be? I decided to check other inscriptions to compare, 1000SATS has 2.1 trillion supply and has a $1.2 Billion market cap. First of all that is 10X the supply of Ally inscription, so if we want to give $ALLY Inscription a $1.2 Billion market cap, the price of 1 Ally should be $0.05714. Which is enterely reasonable, for someone that spent $55 minting 171,000 Ally, that will approximately be worth $9,771.42. Cool profit right?
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