Bankless co-founder David Hoffman said a group of tokens he described as “2017-era Bitcoin clone” coins has started drawing market attention again. In his post, he pointed to PRL, which he said rose 30% this week and reached a fully diluted valuation of $4.2 billion. He also cited QTC, which he said gained 300% this month and was valued at $1.8 billion with a total supply of 21 million tokens. Hoffman added that it is notable to see fixed-supply tokens with 21 million units reaching multi-billion-dollar valuations. His comments focused on the return of investor attention to this category of tokens and the scale of valuations now attached to them.
According to ChainCatcher, Bankless co-founder David Hoffman said in a post that a group of tokens he described as “2017-era Bitcoin clone” coins has recently come back into market focus.
He highlighted PRL, which he said is up 30% this week, with a fully diluted valuation of $4.2 billion. He also pointed to QTC, which he said has risen 300% this month and reached a valuation of $1.8 billion with a total supply of 21 million tokens.
Hoffman added that it is notable to see fixed-supply tokens with 21 million units command multi-billion-dollar valuations.
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