The Amulet

Price Rationale

I weight the comparable and cultural appraisals most because they use the supplied XCOPY 1/1 universe while recognizing the absent token-specific market. The liquidity appraisal is useful for downside stress but too punitive as fair value, since the only exact sale is a stale 5 ETH 2020 print and not current demand. The USD/ETH cycle appraisal correctly avoids treating that sale as a ceiling, but its 70 ETH value imports broad stronger-work context too aggressively for a non-grail token with no bid, ask, OTC sale, or candidate benchmarks. A 45 ETH midpoint keeps the work above obsolete primary-era pricing, near the grounded comparable view, and below better-evidenced nearby anchors.

What Caps The Price

Above this range, the case depends on generalized XCOPY scarcity, holder provenance, or stronger peers such as data_lords and Blood Run rather than evidence for this token. The packet supplies no live ask, best bid, OTC transaction, grail flag, public-standing reason, or reviewed candidate set, so a 70-105 ETH mark would over-credit market-cycle and cultural arguments.

What Supports The Price

Below this range would lean too hard on an exact sale from February 2020, when XCOPY 1/1 pricing was far less mature. The broader supplied snapshot shows many early non-grail works later clearing tens or hundreds of ETH, and the comparable/cultural appraisals reasonably treat the 5 ETH sale as provenance, not a current ceiling.