$PRIME

$PRIME

$PRIME | SolanaPrime | Published Dec 17, 2023

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Project: SolanaPrime

Token: $PRIME

FDV: Ranging between $5M - $15M

Overview: SolanaPrime is a Solana based launchpad. The $PRIME token is used for governance and can be staked to earn $SPIX which represents exposure to the the launchpad’s token allocations.

Normally good projects do not use launchpads, however, in a bull market launchpad tokens can performs well as lower quality projects that use the launchpad tend to see higher than normal valuations due to high speculation.

$PRIME has very low liquidity, but anywhere below $10M for a solid Solana launchpad token is reasonable.

As a comparison, last bull market an Ethereum/Polkadot launchpad called Polkastarter went above a $350M market cap.

Notes:

  • Obviously, if this bullish market rolls over, low cap tokens like $PRIME will not fair well.
  • Please note that micro cap tokens like $PRIME can regularly experience 50% - 75% drawdowns in price.
  • We’ve yet to see real demand come in for this specific product or token. This is a high risk, high reward micro-cap project that could take significant time to see success and might not see success at all.

$PRIME can be purchased on jup.ag:

(token address: PRiME7gDoiG1vGr95a3CRMv9xHY7UGjd4JKvfSkmQu2)

Due to low liquidity, if you plan to buy more than $500 or so, consider using the DCA function on Jupiter to spread out your buys to lessen price impact and slippage.