Being an analyst in Crypto is frustrating. Why? Most of the time you don’t have that much to analyze. That is a bold claim, I’m going to substantiate that claim in this post. Unlike traditional markets in bonds and stocks, there aren’t any concrete metrics or ratios that are well-established. For a stock, if you’re able to buy something with price X, and that stock gives you a guarantee of at least 0.2X cash flow per year, that is solid. Most likely the market will recognize it and reprice, o...