Crypto makes valuation unusually difficult because the market prices future adoption—not just current earnings.
That creates two extremes.
Investors can underestimate an asset because today's fundamentals look small.
Or they can justify almost any valuation by assuming explosive future growth.
The real challenge is somewhere between the two:
How much future growth is already priced in?
That's a much more useful question than simply asking whether a token is “cheap.”
$US $MMT $TUT
That creates two extremes.
Investors can underestimate an asset because today's fundamentals look small.
Or they can justify almost any valuation by assuming explosive future growth.
The real challenge is somewhere between the two:
How much future growth is already priced in?
That's a much more useful question than simply asking whether a token is “cheap.”
$US $MMT $TUT