Digital Assets Weekly: July 15th

Jul 15, 2020 • 5 Min Read

Market Analysis

It was another quiet week with limited price action as BTC traded between a tight range of $9,118 and $9,450. The asset finished the 7 days ended 7/13 at $9,277; down 1.4% over the period.  

The video in this report is only accessible to members

Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis.

The video in this report is only accessible to members

Ripple (XRP) led all other major crypto assets by 6% - 10% this week and was up 5.5% on the week.

The video in this report is only accessible to members

FS Crypto FX 40 was the best performing index last week and outperformed Bitcoin by 12%. Major contributors to the FS Crypto FX 40 index outperformance were Chainlink (+33%) and Cardano (+18%). FS Crypto FX 250 also posted a strong 6.3% gain this week with outperformance driven by Bytom (+46%), Holo (+26%) and Siacoin (+13%).

The video in this report is only accessible to members

The table below shows the returns of the largest assets and the FS Size Indexes over the year. 

The video in this report is only accessible to members

Fundamental Valuations

Bitcoin’s P/CMR valuation was unchanged week over week at 9.1x.

The video in this report is only accessible to members

Bitcoin’s market cap to realized value (MV/RV) multiple was unchanged week over week at 1.6x.

The video in this report is only accessible to members

The comp table for major crypto asset prices and fundamental valuations is shown below.

The video in this report is only accessible to members

Valuation Methodology

The P/CMR ratio is a fundamental valuation method I invented in December 2017 that has historically been a stron...

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you haven't read

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In