Present price of Wings is like nominal-traded value of shares, while people forget of 'prizes' that are similar to dividends mechanism. At the level of dividends reaching 10-30% yearly, the traded value should be much higher than nominal, as representing the trade value + dividends potential.
At the market of shares:
- nominal value is mostly equal to the book value. This book value in case of WINGS is equal to ICO value.
- trade value is related to demand and supply. And correlated to dividends. In most cases when submitted are dividends, demand is higher than supply (because people do not sell their shares) and the price goes up. In case of Wings wthis should be represented by the prizes, to I really do not know why the price of tokes does not go up, as it should be.
The third factor is correlation to ETH. Now, the price reached the velel correlated to present value of ETH, so when ETH will grow, the token price should also. HOWEVER, I really do not know why the second factor does not affect the price..
At my own calculations it should be at the level approx:
(1:10 value of future prizes submitted to the token) + token trade value at least 4.5-7x nominal. So the price at this moment should be around 2 USD..
I'm open to contr-arguments on this or reliable discussion.
Either way, Wings is a future project with great possibilities - probably it is a long-term, as it is concluded from the difference between the "should be" value and "now is" value.
The problem is that your applying ideas that work well in over-capitalized stock markets...
Simply, there isn't enough investors with free money roaming around to keep all these tokens true to there value..
Most of this is speculation and manipulation...
I agree with a $2 price target, but when wings fly's past that to $4... would I still agree?
Yeah probably.
The rewards are not like traditional dividends.. in this case, the rewards could be viewed as an investment separate from wings.
Wings could go to $50 and people would still say it's fairly valued...
It all depends on what factors you look at.
Around here, hype trumps all technicals