A recent research by Spencer Wheatley at ETH Zurich in Switzerland and a few colleagues shows that the key measure of value for cryptocurrencies is the network of people who use them. What’s more, they say, once Bitcoin is valued in this way it becomes possible to see when it is overvalued and perhaps even to spot the telltale signs that a market crash is imminent.
Read the complete article here: https://arxiv.org/abs/1803.05663
And the article published by MIT Technology Review here: https://www.technologyreview.com/s/610614/how-network-theory-predicts-the-value-of-bitcoin/
