this is the most legitimate comparison to make regarding potential price appreciation for $PHAR at ath joe was the absolute dominant dex/amm on avalanche. At peak bull 2021 it traded around 500m-550m marketcap. Although I think that’s conservative for what I have in mind for Pharaoh, it does give an idea. in a base or bear scenario you could shave a couple of dollars off bc the circulating supply might rise a little in the meantime but I do think many could be in for a surprise. Lets see!