Prophecy DEFI INC. PDFI.CA
Price: $0.035
Shares: 132,850,000
Market Cap: $4.65M
The environment for small caps with potential has been the best it has been since COVID. Add crypto to any of that small cap potential these days and you have some pretty explosive share prices. It’s not just Bitcoin anymore either, investors are now looking for the next Bitcoin, because realistically, BITCOIN can’t change wealth like it used to. It’s for the big boys now. Every institution and their granny is in it now for the yippee yaw hay ride to $200k. Fun stuff if you are retired and need to increase the size of your retirement. So where’s the next Bitcoin? The next crypto to rise to mainstream? Clearly DOGE is on a path to being as mainstream as it gets… but what’s next?
Solana. I cannot understate this. Solana is on the rise to stardom. It is probably the hottest crypto coin for 2024 and this run isn’t one that is going to stop any time soon as it becomes more prominent in the cryptosphere. Solana is here to stay. So much so, it could push to be #3 behind Ethereum in the crypto world and challenge it for dominance. Proof of this is the companies that have gotten involved with the token have been rewarded not only with more Solana through staking, but enjoyed an increase in value of the token, and astronomical rises in their share prices. HODL has gone from 10 cents to 2 bucks on a Solana run, while NDA also went on a tear after announcing purchasing Solana and getting into staking the coin. NDA went from 20 cents to $1.30 … another incredible run over just a few days.
If you liked the reaction, you might like this one too…. the one the market will have to Prophecy Defi PDFI as everyone digests the news and does their DD on their announcement entering into the Solana ecosystem by being active with the Jupiter exchange. Jupiter is a platform that allows users to swap, trade, and govern tokens on the Solana blockchain. It supports spot, perps, and dynamic market making (DMM) products, and has a large community of users and governors.
In the news today, PDFI announced they have strengthened their position in the Solana ecosystem.
PDFI has invested into Jupiter which is the main exchange for facilitating network liquidity between other exchanges, networks, and market makers integral for providing liquidity for Solana. PDFI owns 427,363 Jupiter tokens, in the last quarter has generated a yield of 64,312 tokens in the form of Airdrops. That is an astronomical 15% yield for the quarter. If you annualize that yield its 60% off their investment without even taking into consideration compounding, if they get airdrops each quarter. The Jupiter Token is a brand new offering trading between 75 cents and $1.50 with its exchange an essential part of the Solana ecosystem. Jupiter has a 10B total supply allotment, but currently only 1.35B circulating ranked #58 at $1.5B according to coinmarketcap.com.
You could maybe compare Jupiter to an early Binance and how integral Binance played in the rise of Bitcoin. JUP could be an early BNB. What I do know is that Jupiter is integral to the Solana ecosystem and is most likely going to rise along with Solana. JUP probably has a lot more leverage to SOL than SOL itself and as long as SOL continues to show strength in the crypto world JUP will tag along for the ride. You could see a $10 token for Jupiter in the very least.
PDFI is now the next play into the Solana ecosystem, except they are playing a highly leveraged role supporting the Jupiter exchange and its tokens which has so far been very beneficial in the form of airdrops. This is certainly a niche within the Solana ecosystem, different to HODL or SOL or NDA, but it has the potential to pay off even bigger. The fact that Jupiter plays a huge role with Solana means its an exchange that is here to stay and its token along with it. If the token pushes to $10 you can expect PDFI will push up in SP along with it and like SPIR will eventually be a proxy to DOGE, PDFI certainly has the chance to be a proxy for JUP/SOL.
What is clear to me at least, is Jupiter has the potential to increase exponentially when compared to Solana itself and makes PDFI a very intriguing investment going forward. They hold well over half a million dollars worth of Jupiter alone and if that token takes off could exponentially drive the company’s SP. I for one am glad to see companies diversifying into Altcoins and PDFI has certainly surprised the market with change in focus entering into the Solana ecosystem. Certainly the CEO thinks PDFI is going somewhere buying 2M shares last year between 1.5 and 4 cents.
These guys are absolutely the cheapest price to entry for exposure to the Solana ecosystem at a $5M market cap valuation.
And so far its paying off.
Prophecy truly is a diamond in the rough.
Christopher Skidmore
Beat the Market Stock Picks