The article argues that crypto is overvalued because it lacks the strong network effects seen in successful platforms like Facebook. It highlights that crypto users are priced significantly higher than Meta's, despite lower retention and monetization. The author concludes that current valuations reflect an unrealistic expectation of future growth and network benefits.

The article examines how cryptocurrency projects like Hyperliquid and Uniswap are valued more on narrative and hype than actual revenue. It highlights the disparity in revenue multiples within the market, suggesting that while revenue is becoming important, the prevailing focus remains on market sentiment and stories.

This article examines the disconnect between market valuations and actual utility, particularly in crypto and tech sectors. It highlights historical patterns of overvaluation, drawing parallels to past market crashes, and warns that despite rising adoption, prices are likely to continue falling.

This article explores why cryptocurrency prices are stagnating despite positive developments like ETF launches and corporate adoption. The author argues that current valuations are disconnected from real economic fundamentals, with many tokens priced as if they deliver stable, recurring revenue when they don't.

The article discusses how the market undervalues "ownership coins" compared to their underlying treasury assets. It argues that this mispricing creates investment opportunities, especially for tokens traded below their net asset value. The author highlights specific tokens and scenarios where asymmetric bets can yield favorable outcomes.

The ETHval dashboard calculates Ethereum's intrinsic value using ten different valuation methodologies, blending traditional finance approaches with crypto-specific metrics. It aims to provide a more rigorous, fundamentals-based framework for evaluating Ethereum beyond mere price speculation. Feedback and suggestions from users are encouraged.