Trader Joe’s capital-efficient Liquidity Book model and expansion to Arbitrum have propelled the DEX into the 5 top ranking and $JOE price has also benefited.
Arbitrum’s ARB token signifies the start of airdrop season — Here are 5 to look out forThe Delphi report estimated a price-to-earnings ratio to reach between 15.5 and 7.5 for sJOE token holders after the launch of V2.1, which is expected by the second week of April.
A P/E ratio lower than 15.2 would place Trader Joe in the top fifteen protocols concerning real earnings for token holders, per data. The P/S ratio, calculated using dividing the fully diluted market capitalization of a token by its annualized revenue for token holders, is higher than 15 for popular DeFi protocols like dYdX, SushiSwap and Convex Finance.The price of JOE token broke out of its deep slumber from last year with the progress made with LB design and migration to additional platforms beyond Avalanche.The token currently eyes upside toward the 2022 breakdown levels around $1.01 and January 2022 high of $1.52.
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