House of Chimera Weekly Altcoin Update – Week 9

This week's HoC Weekly's Altcoin Update will be highlighting RankerDAO and XCAD Network!

RankerDAO

DAO

RankerDAO is a Decentralized Autonomous Organisation (DAO) for investing in GameFi Non-Fungible Tokens (NFT) and governs a blockchain gaming guild. The DAO aims to create a social collective for crypto enthusiasts to access the most popular blockchain games without any financial constraints. The DAO governs the guild of gamers, a collective of blockchain GameFi scholars. These scholars earn yield by playing their favourite blockchain games while benefitting from the DAO NFT inventory. Additionally, RankerDAO Badge holders can participate in exclusive events and have pre-access to upcoming blockchain games! Currently, there are over 18,000 unique badge holders. These badge holders will play a significant role within the ecosystem through governance and exclusive benefits. The projected revenue of the ecosystem is over 6 million at the end of 2022, assuming that the cryptocurrency market will stay relatively stable. The RANKER token will be used for staking and SocialFi.

XCAD Network

Cooling off

The XCAD Network ecosystem is currently in a cooldown period. The ecosystem has postponed its growth campaign due to harsh market circumstances. However, it is expected that the number of content creators will still increase in the upcoming weeks. The ecosystem is quickly onboarding new content creators and is currently being supported by over 50 creators with a total following of over 195 million subscribers on YouTube. To put these numbers in perspective, an example is required.

Content creator impact

First, a few assumptions have to be made to construct an expectation on the potential impact on the $XCAD ecosystem. It is safe to assume that there is a considerable overlap of subscribers in-between content creators. Considering multiple creators are making similar content for a particular target audience. Hence, the assumption is made that approximately 75% of the subscribers are unique. Furthermore, an assumption has to be made on the number of active subscribers. The average subscriber to viewer ratio is approximately 7-15% for 1+ million subscriber content creators. Assuming that 75% of the subscribers are unique and 7% are regular viewers, there is a viewer base of approximately 10,3 million. The average conversion rate of content creators on Youtube is 3-5%; however, this highly depends on the industry. It is safe to assume that the conversion rate will be drastically lower for cryptocurrency investments due to the industry's perceived risk and overall reputation. Thus, a conservative conversion rate of 1% is being used. This would lead to an increase in token holders of over 100,000. If we assume that the average viewer does invest 50$, this will lead to a total initial investment of 5,000,000 USD. The number of total investments is correlated to the marketing efforts of content creators; hence it will increase over time. The impact of a total investment of 5,000,000 USD is significant. The exact result is hard to quantify, but to give a rough idea, approximately 100K is needed to increase $XCAD price by 2% with the current price. Assuming that the sell walls will remain the same while adjusting the price by 2% to account for the price increase, the XCAD token price could increase by approximately 40%. Furthermore, due to the steep rise in value, the feeling of FOMO could increase the price even further. However, keep in mind that this is highly speculative and should be treated as such.