Crypto Fundamental Analysis

Crypto fundamental analysis involves taking a deep dive into the available information about a financial asset.

For instance, you might look at its use cases, the amount of people using it, or the team behind the project.

Your goal is to reach a conclusion on whether the asset is overvalued or undervalued.
At that stage, you can use your insights to inform your trading positions.
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x4 Crypto Fundamental Analysis

Financial
Social/Sentiment
Development
Network Value (On-Chain)
Network Activity (On-Chain) Other On-Chain
Derivatives

Traditional fundamentals including price, volume and market cap, mean coin age.

DEX Trades
Ethereum Spent
Marketcap in USD
Mean Coin Age
OHLC (Open-High-Low-Close)
Price in BTC
Price in USD
Spent Coin Cost
Trading Volume in USD

The metrics build on top of Social Data are taken from measuring social activity on crypto-related forums and channels, plus custom sentiment measurements analyzing crowd behavior. Includes emerging trend words and projects.

Community Messages Count
Emerging Trends
Sentiment Metrics
Social Dominance (Twitter, Discord, Professional traders chat, Reddit, Telegram…)
Social Volume
Top Social Gainers/Losers

Custom Development Activity metrics created to accurately measure a team’s development.

Development Activity
Comments on issues
Issues created and closed
Creating of forks
Comments on commits
People following an issue
Downloading releases
Watching a repository
Project management events
This allows to better compare projects that use github for issue tracking and projects that do not use github for issue tracking. If such events are not excluded
then the second project could have inflated activity
just by discussion what they are going to build without
actually building it.

Github Activity
The total github activity – it counts all events. It is
always equal or bigger than the dev activity. Available
For all assets with known github organization.

MVRV
Market Value To Realized Value
MVRV shows the average profit/loss of all the coins currently in circulation according to the current price.

NVT
Daily Market Cap / Daily Transaction Volume

Realized Value
Realized Value is an alternative to the Market Cap (Market Value). Instead of multiplying all coins/tokens by the last price, every  coin/token is assigned the
price at which it was last moved. Assigning age to coin/tokens is done according to the coin-age model.

Daily Active Addresses
The number of distinct addresses that participated in a transfer for the given asset in any given day. Each address is counted only once for the day. Both the senders and the receivers of the asset are counted. 

Daily Active Deposits
Shows the number of unique deposit addresses that have been active on a particular day for a given asset.

Network Growth
The amount of new addresses that transfered a given coin/token for the first time. Essentially, this chart illustrates user adoption over time, and can be used to identify when the project is gaining – or losing – traction.

BitMEX
(P2P crypto-products trading platform. Metrics build on top of BitMEX trading contracts)

Metrics related to DeFi protocols

Metrics related to MakerDAO protocols

Stock To Flow ratio
Stock To Flow ratio model is a measure of scarcity/abundance of particular resource. It shows how much supply enters yearly relative to the total supply of the resource. We measure Stock To Flow ratio for a given asset as the ratio between Total Circulation of the asset and the daily minted coins multiplied by days in one year.

News and Insights

Financial market news

Taking the bull by the horns

By Ipek Ozkardeskaya, Senior Analyst | Swissquote  Investor sentiment remains mixed faced with the strong jobs report pointing that the Federal Reserve’s (Fed) substantial progress

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Financial market news

Archegos hangover

by Ipek Ozkardeskaya, Senior Analyst | Swissquote  The Archegos story continues sitting at the headlines of the financial news, as investors question whether the fall

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