Comment by @romain_millon • Hey

Thanks for your analysis Alice. Great potential of increase for the $BONSAI but we'll see...

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not sure I would call it an analysis :-) it’s basically 6 numbers put together 😂 absolutely, I’m not saying $BONSAI number will go up. Basically the only thing I’m kind of implying is that the market values farcaster at the time of writing 40x the value of lens. (Assuming that $DEGEN is a proxy for $FC and $BONSAI is a proxy for $LENS). And assuming the market will change its mind (-> fc is probably less than 40x more valuable than lens), this might result in decreasing the number Xs between $DEGEN and $BONSAI. And the bull case of all this would be that $BONSAI accrues in value in usd terms. But that’s of course one of MANY possible scenarios. Another would be that $DEGEN decreases in value and $BONSAI does nothing. Or guess down as well, but less. 🤷♀️ NFA!