Thats most cause there arent any underlying fundamentals to measure.. even in the stock market, yes there is an underlying company, but metrics such as P/E rat

Thats most cause there arent any underlying fundamentals to measure.. even in the stock market, yes there is an underlying company, but metrics such as P/E ratio's for specific industries are fairly arbitrary.. Similarly the stock market kind of operates on the principle that some day someone else might want to buy a share and guesses what price they might want to buy it for. Else the PE multiple would always be one.. Give crypto a few decades and you'll get similar analysis, I doubt stock markets had such data from day one either. (Disclaimer: I do not trade in or hold crypto, and will not until some regulations kick in, espicially around an exchanges ability to shut down and keep all deposited crypto with it)