While some may see chaos as the reigning theory of crypto, HashKey Capital proposes a rigorous toolbox of fundamental analysis for digital assets that prioritizes analysis over speculation
SINGAPORE, April 22, 2024 — HashKey Capital, the global investment firm focused on the cryptocurrency and blockchain industries, has released Digital Asset Valuation Framework, a 217-page book that defends the role of fundamental analysis in crypto with a robust set of tools for evaluating value across the emerging digital asset economy.
The book outlines various valuation methodologies of digital assets, including native cryptocurrencies, public chains and layer 1s, DAO tokens and utility tokens, Security Token Offerings (STOs) and Non-Fungible Tokens (NFTs).
This comprehensive framework is especially valuable in today’s reality of meme finance, where narratives, sentiment and momentum often untether asset prices from underlying value, says HashKey Capital CEO Deng Chao:
”Whether its memecoins, RWAs, protocols or cryptocurrencies, fundamental analysis should still play an essential role in valuing digital assets. We wrote this book to advocate for these crucial tools and propose a clear research-backed framework for investors to apply when evaluating potential investments across various digital asset sectors.”
This pioneering work is poised to become an essential resource for anyone navigating the complex world of cryptocurrencies as it helps investors remain rational and data-driven when evaluating potential investments, says Jupiter Zheng, HashKey Capital’s Partner of Liquid Funds and Research:
“We set out to equip investors with a framework to take a more informed, analytical approach to cryptocurrency investments. By providing a structured introduction to the factors that determine the value of digital assets, we want to make these concepts accessible to everyone, from experienced investors to those newly crypto-curious.”
While the limited historical data and the rapid pace of innovation in the crypto space present challenges to valuation models, the book’s comprehensive framework will evolve as the market matures, Zheng concludes:
“Over time, these valuation frameworks will be rigorously tested and refined. We hope this book not only fosters a better understanding of crypto asset valuation today but also lays a solid foundation for its future development, contributing to more sophisticated and reliable techniques for assessing the value of digital assets.”
Digital Asset Valuation Framework is available on April 22. It can be purchased online at https://www.mybookone.com.hk/page/detail_w/1778680892224802818/Digital_Aset_Valuation_Framework_精 /9789620767340.html?c=searchPage or in person at all Joint Publishing, The Commercial Press or Chung Hwa bookstores in Hong Kong and Macau.
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