Narrative of Babylon

Today, Bitcoin's store of value has been widely recognized. However, BTC has not been directly used for staking and earning interest, which is a major flaw in the Bitcoin ecosystem. Currently, staking Bitcoin to earn interest mainly needs to be entrusted to third-party CeFi institutions, and the yield earned is only 0.01%-1.25%. In contrast, the PoS blockchain represented by ETH can often achieve a yield of 5%-20%. There is a huge gap in the yield between the two.

 

Babylon was born to allow BTC to be staked through the PoS blockchain. In simple terms, staking BTC provides security for other Pos chains and earns income through staking, thus creating the BTC staking category. This is also Babylon's biggest narrative, which will largely determine the upper limit of Babylon's valuation.

 

Price Prediction and Valuation of Babylon

According to the data that has been published so far, the Babylon project has raised at least $96 million, approaching the $100 million mark. According to the traditional valuation system, the reasonable market value of Babylon will be around $1 billion.

 

In addition, considering Babylon's BTC staking narrative, this will attract more market funds in the early stage to a certain extent, thereby rapidly increasing its market value in the short term. It is expected that after Babylon's coin issuance, its market value may reach a maximum range of around $5 billion to $10 billion. Investors can use this as a reference to evaluate the token price at that time.

 

Disclaimer: Price analysis and valuation are affected by many factors. Theoretical analysis does not mean that the token will definitely reach the envisioned price level. Therefore, the content of this article does not constitute any investment advice. Investors need to do their own research.