You're absolutely right. Crypto's fundamentals are notoriously hard to measure for several reasons.
First, unlike traditional assets, cryptocurrencies often lack tangible underlying assets or cash flows. Their value is largely driven by market sentiment, speculation, and technological advancements, which can be highly volatile and unpredictable.
Second, the crypto market is decentralized and operates 24/7, leading to increased volatility and making it challenging to establish stable valuation metrics. Additionally, the rapid pace of technological change and the emergence of new projects can quickly render traditional analysis methods obsolete.
Lastly, the lack of regulatory clarity and the presence of market manipulation further complicate the task of measuring crypto fundamentals.
This uncertainty often leads to a disconnect between a project's intrinsic value and its market price, making it difficult for investors to make informed decisions based on fundamental analysis.
Posted Using INLEO