Is BitDice price to low in the current bubble?

BitDice is currently trading at $0.19 a token and the 2016 profits earned by the site came to about $0.05 a token. This comes to about a 26.3% yearly return. The $0.05 profit was pre-ICO, meaning BitDice already had an ongoing profitable gambling site. The ICO was to expand and upgrade the business.

The main reason I believe the price may be undervalued is due to how two other gambling tokens have faired relative to their profits. Etheroll Dice is trading at a price that reflects about a 3% yearly return last I checked and Vdice can not even hit 1%. Using Etheroll Dice 3% and applying to BitDice you would have a price of about $1.65 for BitDice. With VDice it would come to about $4.94.

I have a theory on why BitDice currently is trading so low relative to the other two. With BitDice you have an ongoing business with a history of profits and with the ICO you know how many tokens have been issued. You can calculate a yearly return based on 2016 and adjust what you are willing to pay for the token accordingly. With Etheroll and VDice the party has just started. It's all pie in the sky right now. Pie in the sky means unlimited potential and unlimited hope. Not very realistic in my opinion.

BitDice does have this same pie in the sky as the other two tokens, promising new games, expanded marketing and more profits, etc. (Again, why the low price?) If the market begins to value BitDice like they do the other two (and the current crypto bubble doesn't pop) I think this token can easily hit $2.00 and go as high as $4.00 (in the short term). If this doesn't happen you most likely will have a very good long term paying investment at the current price. I also think even if the crypto bubble burst this token can retain its earnings and thus retain a decent token price.

As a side note I believe Etheroll and Vdice will at some point take a price dive if they can not bring up their rate of return. In fact Vdice already has taken the dive from about $1.00 to $0.15. With its present earnings I would put Vdice at about $0.04 and Etheroll at about $1.00. Assuming rational thinking ever pays a visit to crypto land.

What do you think?

For disclosure I own all three tokens and plan on buying more BitDice at this price.

November 3, 2017