I am guessing the $200 mil valuation that was mentioned is the the seed money already invested. If true then our base will be around $20 without a NVT/PE RATIO added to it. $ARAT
Bitcoin has a 64.6 NVT RATIO!!!!
That being said you take $ARAT and add a 30 NVT ratio which gives us a $600 per share
NVT Ratio: Crypto’s P/E cousin
As digital assets further converge on mainstream consciousness, investors need to perform real due diligence and analysis instead of buying on ‘FOMO’ — the fear of missing out. The NVT Ratio may provide the new gold standard of digital currency valuation. In-depth analysis is still in its early days, yet there is clear momentum towards more academic processes. One valuation technique, the NVT ratio (Network Value to Transactions), is similar to a stalwart valuation measure of equities, the PE ratio. The NVT ratio is credited to Willy Woo, a digital currency data analyst and researcher. WHAT’S IN THE RATIO? In valuing equities, investors use the PE ratio (price-to-earnings) to determine over or undervaluation. The PE ratio compares a company’s share price to its earnings per share, or, equivalently, market cap to the company’s total earnings. This is a measure of fundamental value for equities since earnings (present and future) are what equity investors are concerned with. For digital assets, the NVT ratio similarly uses a numerator that represents the price (market cap) of the network in question. To calculate the network value of a digital asset, multiple the price of an individual coin by the total number of coins currently in existence. NVT AND PE DIFFERENCES Unlike the PE ratio, however, the NVT denominator does not represent earnings since digital currencies do not have earnings. Instead, the NVT ratio measures price against the utility or goal which investors seek in a cryptocurrency: namely, store of value and medium of exchange. As a proxy for how well the currency performs as a medium of exchange, analysts look at the volume of transactions on the blockchain in question during a 24 hour period. This speaks to the value proposition of being able to transact or transmit over a secure decentralized network. Bitcoin’s NVT, for example, divides the Network Value (USD) of $323 billion by the 24 hr BTC transaction volume on its blockchain (USD) of $5 billion, for a ratio of 64.6. The ratio is not normalized, and can be any positive number: unbounded on the high end, and bounded by 0 on the low end. WHAT DOES IT MEAN? Bitcoin’s NVT ratio compares how network value to how network use. Analysts posit that these should track each other closely. In the majority of cases, they do. The same way an equity investor wants a company with healthy earnings, a bitcoin holder wants the Bitcoin network to have a healthy amount of transaction activity. The reasoning is that as bitcoin use goes up, so should its value. When they deviate and one lags the other, there may be an opportunity for a trade. Investable insights come from analyzing the NVT ratio over time, and with a longer history, we can be more confident in knowing a healthy range. Bitcoin’s current NVT ratio sits around the high 60's, which is firmly in the normal range since 2011. A high ratio, relative to its typical range, may mean that the future is bright and investors are expecting transaction growth, or it can mean overvaluation. Discerning between the two is the salient skill. Just like stocks, a high ratio is often seen in the early, high-growth stage: a network price is high, but transaction activity hasn’t yet caught up.
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