Forecast Trend Report by Period
Crypto investors are increasingly selecting tokens based on fundamentals such as protocol revenue, actual usage and how much value accrues to holders, instead of relying primarily on market-cap rankings, CoinDesk reported.
Bitwise Chief Executive Officer Hunter Horsley told CoinDesk on August 16 that the crypto market is moving away from valuation methods centered on what he called the “CoinMarketCap leaderboard.”
In the past, investors often valued new Layer-1 blockchains by comparing them with larger projects by market capitalization and applying a discount. More recently, they have focused on a project’s addressable market, actual user…
