Over the last few months we’ve seen the rise of Telegram trading bots like Maestro and Unibot. Banana Gun Bot has been quietly attracting and maintaining users and volume due to their superior features. In this report we go over data from Banana Gun and why their upcoming token, $BANANA, has a ton of upside.
Rise of TG Trading Bots & Banana Gun
Telegram bots have been a central focus this year for on-chain traders as a source of price speculation and trading edge. Unibot has largely become the dominant Telegram trading bot, both in user number and market cap (Fig. 1). Recently Unibot released Unibot X, it’s webapp that gave on-chain users a comparable CEX-like experience.
Banana.Gun began to cut into Unibot’s user dominance (Fig. 2) for its token sniping and rug protection features. Recently, Banana.Gun began a series of NFT quests that incentivized users to use their platform, which later became rewards both for the $BANANA presale and airdrop.
$BANANA Thesis
Due to Banana.Gun’s existing product market fit and revenue without token emissions, $BANANA’s token launch is likely undervalued by the on-chain crypto community due to its large 800E presale launch. However, extrapolating current Banana.Gun bot volume, as well as speculation of token swap volume, gives a better picture of potential valuation.
$BANANA Prediction
With $4mi/day bot volume and at least $500k/day $BANANA volume ($UNIBOT as of 09/08/23 is roughly $2mi/day), $BANANA holders would receive ~500% APR in ETH from platform revenue as well as make $BANANA undervalued (Table 1.1 and 1.2).
Table 1.1 - Prediction of APR following $BANANA launch (future token emissions/team vests are excluded)
$BANANA Bear Case
Likewise, should there be a bear scenario where on-chain volume and speculation drops precipitously, one could speculate that APR could drop to ~250% APR (Table 2.1 and 2.2).
Table 2.1 - Bear case prediction for $BANANA APR
$BANANA Bull Case
However, given the $BANANA treasury will be used for customer acquisition, while emissions will increase the circulating supply, an increase in on-chain volume in a bull market, as well as UX upgrades and webapp release, should substantially increase Banana.Gun platform volume (Table 3.1 and 3.2).
Table 3.1 - Bull case prediction for $BANANA APR
Conclusion
In conclusion, Banana.Gun has substantial upside with $BANANA due to substantial revenue as-is and opportunities to onboard new users.
References
Article posted @September 8, 2023
