Cryptocurrency news and insights publisher Helium Axxent, has just released their latest fundamental analysis (FA) case study.
The purpose of the HNT case study is to test a new Crypto Valuation 9-Step Blueprint that provides a framework for analyzing the most predictable sources of value for cryptocurrency coins, tokens, NFTs and other digital assets.
This case study is particularly relevant for Helium stakeholders, but the methodology may also be of interest to other crypto investors. The demonstrated ability to provide predictive insights about the Helium project is evidence of the potential for evaluating intrinsic values of other cryptoassets.
Interested parties can download the case study on the company website: https://heliumaxxent.com/helium-fa-case-study/
The Helium Token analysis case study is organized into nine steps. For each step, a general rationale is presented that may apply to any cryptoasset. Examples are provided for clarification.
Within each step, specific application to the Helium project is then demonstrated, providing Helium specific data. That data is then reviewed for insights about value or challenges imparted to the Helium project or to stakeholders, such as investors, partners, regulators, etc.
Most crypto projects start with a White Paper that explains the initial motivation and goals of the particular project. The White Paper, along with any project roadmap, provides an efficient entry into any crypto value analysis, facilitating an understanding of the project baseline and context. The other seven steps of the analysis blueprint could be performed in any order, or even simultaneously.
A close examination of the case study reveals some overlap between analysis categories. But, a thorough fundamental analysis produces a lot of data, so it’s helpful to organize that data into conceptual categories. The subjectivity of this blueprint style FA means insights about data are not particularly sensitive to duplication of that data within other categories.
Analysis of Helium Token use-cases is one of the highlights of this study. For Helium, its unique use of blockchain technology has allowed it to create a globally valuable peer-to-peer connectivity network for the vast Internet of Things smart device market. This use-case is unique to Helium, but other use-cases are likely to provide significant value for many other cryptocurrencies.
When asked about his motivation for developing this crypto fundamental analysis blueprint, Rickey Williams, analyst at Helium Axxent said,
“I’ve never been completely comfortable with using Technical Analysis for crypto. It feels too much like guesstimating which way the bag that holds the asset is going to move. I just don’t want to be left holding the bag if the asset inside turns out to be worthless.”
But the use of a Fundamental Analysis Blueprint designed specifically for cryptocurrencies is difficult to justify when most traders prefer Technical Analysis. The Helium case study results help to show this is a viable approach.
Traders and other crypto enthusiasts who want more information about this Crypto Fundamental Analysis Blueprint are invited to review the case study online or download the full case study directly: https://heliumaxxent.com/helium-fa-case-study/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Scotland News journalist was involved in the writing and production of this article.