I believe HKN will be around 15 to 20 USD some time in April/May. Do you think that's realistic?
Few days back Hacken did annouced that they had a revenue of 174k dollar in 3 months that would be trade for HKN tokens (if i did get/read it right). Company capital on exchange is around 15mil. Most companies (not fintech) are valeud for around 10x year revenua.
So than we have 174k x 4 is 696k estimated year revenue then x10 is estimated market value of 7mil. Now the company is in basic term dubble valued. But this is not a fair approach because:
# Most fintech companies are valued x100 of thier revenue
# The startup revenue if not a good indicator because status is incremential
# Hacken has a token burning principal to increase scarsity
If we calculate in these figures then its like (lets say realistic possible revenue of 7mil a year) x100 / 5.6mil = $ 125
Lol, maybe bit overdone. But fact is that Hacken team is going reaquire HKN tokens of there revenue and investers are not weidly spread so the hodl effect will hit the 10 bucks in yhe first round, if you ask me. Damm need more Hackens