Is Solana Still Undervalued? A Developers Thoughts...
A year ago, we looked at an objective Supply and Demand way to objectively look at valuing crypto currencies. The problem with the methodology, is to gauge demand we use daily active addresses. However, this number can also be lead by price and so we have to ask, how valuable is the asset if the demand can vanish almost overnight like previously? As a developer, am looking to support networks like Solana and SUI and wanted to give some insights and thoughts as to whether Solana is still way undervalued or whether the risk to reward might just not be worth it. This is just my own way of doing things, could be seriously flawed and may not work for you.
Website: https://cryptowizards.net
Calculations: https://docs.google.com/spreadsheets/...
Solana Code: https://github.com/CryptoWizardsNet/s...
Valuation Video (1 year old): • How To Objectively Value Any Crypto
Solana Application Video: • Commission-less Peer to Peer Trading ...
Solana Active Addresses: https://www.theblock.co/data/on-chain...