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Bankless Founder Says 2017-Era Bitcoin Clones Are Regaining Attention

PRL rose 30% this week to a fully diluted valuation of about $4.2 billion, while QTC gained 300% this month.

By Enna Lee
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Mentioned assets
Two metal tokens sit before a measured grid of smaller discs / TokenPost.ai
Two metal tokens sit before a measured grid of smaller discs / TokenPost.ai

Bankless founder David Hoffman said a group of tokens he described as 2017-era Bitcoin (BTC) clones has regained attention, as PRL and QTC recorded sharp gains.

PRL rose 30% this week, reaching a fully diluted valuation of about $4.2 billion. QTC climbed 300% this month and was valued at about $1.8 billion. The two percentage changes span different periods: one week for PRL and one month for QTC.

QTC has a total supply of 21 million tokens. Hoffman said tokens with a fixed 21 million supply cap merit attention and may reach valuations in the billions.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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