Market Cap by users of MODEs Competitors.17 Jan 2021 14:38
Coinbase IPO is coming. Valuation $60billion - $75 billion. $60 billion (£44billion) divided by 35 million users is £1,257 market cap per user.
Revolut £4 billion market cap divided by 13 million users = £307 per user.
MODE £45.1 million market cap divided by a 2021 year end guestimate of 549,000 users = £82 per user. MODE is low in market cap per user but this could be rationalised due to a lower product offering at the moment.
I maintain a triple bag projection by year end and if the merchant business really takes off plus there is clear BTC trading revenue based on 0.99%, then you can add an extra bag on top of that. 3-4 bag by year end.