A family office managing assets for Arthur Hayes has set a target price of 4 for CARDS by the end of summer. The token, also known as Collector Crypt, has been experiencing rapid growth through its business of tokenized trading cards. Annual profits reached approximately 54 million in May, with projected annual revenue of 2.4 billion by June, corresponding to around 109 million in annual profits.
The Collector Crypt business model revolves around digital gacha, or pack opening. The platform buys large quantities of physical trading cards at a discount and then puts them on the chain. Users can imtely resell the cards they receive from pack openings at around 85% to 93% of market price, giving the platform an overall gross margin of about 4.5%. The current price of CARDS is 0.2674, with a market capitalization of around 535 million, marking a 3.56% increase over the past 24 hours
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