📈 [Analysis] Do Fundamentals Drive Cryptocurrency Prices? - Siddharth Bhambhwani, et al.
The relationship between the fundamental value in a digital asset's supporting protocol is tricky and often lost or dismissed almost entirely amidst in the irrational and bizzare behavior seen in certain sectors of nascent crypto-markets. But this analysis identifies two fundamental indicators that appear to consistently track with a cryptocurrency's price: expended computing power and adoption levels. Based on data for the most prominent digital assets determined by age and value, analysis shows a significant long-run relationship between prices and these two fundamental factors.
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