Deep Dive
1. Adoption vs Competition (Mixed Impact)
Overview:
Limitless faces intensifying competition from BNB Chain-based Predict.fun (backed by Binance alumni) and established players like Polymarket ($3B Oct-2025 volume vs Limitless’ $18M daily peak). While Limitless has expanded to Base Chain and secured Coinbase Ventures funding, its $10.9M lifetime volume trails sector leaders.
What this means:
Growth depends on converting its 22K–25K daily users into sticky liquidity. Failure to outpace rivals like Predict.fun (12K users at launch) could see LMTS lose market share, but a Tier-1 exchange listing (speculated) might catalyze demand.
2. Token Buybacks & Staking (Bullish Impact)
Overview:
Limitless implements weekly $50K buybacks using protocol revenue (~$400K earned by Nov-2025) and offers ~30% APY staking. With 76.5% of the 1B LMTS supply still locked, sell pressure from unlocks remains a risk.
What this means:
Buybacks could offset dilution if airdrop recipients exit, as seen post-launch when LMTS rebounded from $0.21 to $0.34. However, staking rewards may incentivize holding only if platform usage grows proportionally.
3. Regulatory Risks (Bearish Impact)
Overview:
Prediction markets face heightened scrutiny, exemplified by Connecticut’s warning to Kalshi for unlicensed betting. Limitless avoids sports markets but isn’t immune to broader crackdowns.
What this means:
Regulatory hostility could limit user growth or force costly compliance measures. Conversely, clearer guidelines might legitimize the sector, attracting institutional capital.
Conclusion
LMTS’ price hinges on balancing user growth against liquidity-hungry rivals, sustaining buybacks, and navigating regulatory fog. While staking rewards and strategic expansions (e.g., stock hourlies) provide upside, competition and macro risks loom. Will Limitless’ trading volume double before Predict.fun captures its niche?