Bankless Founder: “BTC Clone Coin” Rally Returns, Scarcity Narrative Back in Favor

Odaily News: David Hoffman, founder of Bankless, posted on X platform that a batch of tokens he calls “2017-era Bitcoin clone coins” have recently gained popularity again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately 4.2 billion USD; QTC rose 300% this month, with a total supply of 21 million coins and a valuation of approximately 1.8 billion USD.

David Hoffman believes that what is noteworthy is that such tokens with a fixed supply cap of 21 million coins are gaining valuations at the billion-dollar level.