Thanks for the site, interesting to read about how they determine the Fair Value, and I wonder how they figured out that Monero FV.
Manipulation.
It is pretty interesting to see how Bitcoin has had a steady growth the last 5 years, with a couple price bubbles on top, but it is closing in on FV/Price = 1.
Yeah, there's a lot of interesting analyses you can make using that data. I honestly think that fair value will soon sit alongside exchange price. Ppl will want to know.
Unlike industry or commodities, there are no underlying assets in crypto, we are used to think of market caps as indicators of the net assets/revenue but that does not apply for crypto
That's true. What do you think of the idea that its impossible to compare mkt cap since coin supply is arbitrarily chosen? Like xmr's coin supply is 2x that of Dash, so can't compare
Monero's price is probably being held up by manipulation/massive speculation. Most other coins return to trade with their fv/price ratio = 1. The theory states that if not its
and velocity IIRC which is one data point more than CMC uses (spot price). A good test is if the FV and price converge and you can see that until Mar 11 they did for xmr. This means
Yeah it was really interesting. Of the four values they input into their equation, the monero blockchain obfuscates 2, basket and I believe another value. But they still get the txs
