Edition 3: by a Community Member RojoXRP.
$DROP – Top XRP Meme Coin on XRP
This article is in no way investment advice, but an article that provides insight and chronicles the $DROP community journey.
Content
· Content
· A ‘Possible’ Journey of Partnering with Venture Capitalists Victus Capital on Crypto Projects Like $DROP: An Insight from a Community Member RojoXRP
∘ Analysing Similar Partnerships
∘ VSC ($VSG) on Ethereum
· Hege ($HEGE) on Solana
· Drawing Conclusions for $DROP
∘ $DROP’s Current Scenario
∘ Projected Growth
· Important Considerations
∘ Market Volatility
∘ Strategic Execution
∘ What it Means For $DROP
· Article Disclaimer
· CoinMarketCap
· $DROP Telegram
A ‘Possible’ Journey of Partnering with Venture Capitalists Victus Capital on Crypto Projects Like $DROP: An Insight from a Community Member RojoXRP
Partnering with a venture capitalist (VC) can be a transformative step for any crypto project. VCs provide financial backing and strategic support for brand adoption, market making, and forming key partnerships.
For projects like $DROP, understanding the potential return on investment (ROI) from such a partnership is crucial for setting expectations and planning future growth.
Analysing Similar Partnerships
To gauge the potential outcomes for $DROP, we can look at recent partnerships between Victus Capital and other crypto ventures.
VSC ($VSG) on Ethereum
Victus Capital’s partnership with VSC was announced around September 19th. At that time, $VSG had a market cap (MC) of approximately $15 million.
Over the subsequent 50 days, the token experienced a significant correction, dropping to a floor market cap of $4.2 million, a decrease of 73%.
However, post-recovery was robust, with $VSG increasing nearly 20 times to reach a market cap of $80.7 million in just over a month, reflecting a 400% gain from the VC announcement to its peak.
Hege ($HEGE) on Solana
The partnership announcement between Victus Captial and $HEGE happened on or around September 6th. At that time, $HEGE’s market cap was about $13 million.
Like $VSG, $HEGE declined over approximately 60 days, reaching a floor of $5.5 million: down 62%. After establishing this floor, $HEGE’s market cap surged to $53.5 million, marking an increase of about 860% in just 22 days, or a 300% gain from the announcement to its recent high.
Drawing Conclusions for $DROP
While each venture and VC deal is unique, these cases provide a ‘possible’ and ‘rough’ template for what might be expected with $DROP.
$DROP’s Current Scenario
The partnership with Victus Capital was announced on December 4th when $DROP’s market cap stood at approximately $17 million.
Following the patterns observed with $VSG and $HEGE, a potential floor might be around $6 million, suggesting a 65% drop, which could be reached by late January or early February.
Projected Growth
If $DROP mirrors the average growth pattern of the other projects, from this hypothetical floor to a peak, we could anticipate a market cap increase to between $70 million and $80 million.
This would represent a 12 to 13 times increase from the floor or a roughly 350% gain from the time of the VC announcement, translating to about a 9X increase from the current market cap.
Important Considerations
Market Volatility
Crypto markets are highly volatile, and past performance does not guarantee future results. These projections are speculative based on observed trends.
Strategic Execution
The success of such partnerships heavily relies on how well the project and the VC can execute their strategies post-announcement.
What it Means For $DROP
By examining these case studies, $DROP can better prepare for the potential market movements and strategically plan for growth, leveraging the expertise and network of a VC like Victus Capital.
However, Stakeholders should remain cautious, as market conditions can change rapidly, influencing outcomes in unpredictable ways.
Article Disclaimer
This is not financial advice. Investing in cryptocurrencies, especially meme coins, carries significant risks, where you stand to lose your entire investment. Always do your research (DYOR) and only invest funds that you can afford to lose.
CoinMarketCap
https://coinmarketcap.com/currencies/drop/?source=post_page—–0e7bd10dc8c2——————————–
$DROP Telegram
Image thanks to $Drop Art TeamImage thanks to $Drop Art TeamImage thanks to $Drop Art Team
Come and say hello in the $DROP Telegram @DropXRPL and follow $DROP on X.
What’s Next For XRP Meme Coin $DROP Price? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.