The most defensible maximum realistic range for VVV is approximately $75–$105, corresponding to a circulating market capitalization of roughly $3.6–$5.0 billion at around 48 million circulating tokens. That is an optimistic outcome, not a base-case expectation. It would require Venice AI to convert its reported user growth, API activity, and revenue into persistent token demand through staking, DIEM collateralization, inference access, and revenue-funded buybacks or burns.