The cryptocurrency market is trading at its deepest discount to long-term value since 2010, but market analyst Benjamin Cowen believes investors should not expect the bottom just yet. The Into The Cryptoverse founder says historical trends and macroeconomic conditions suggest another leg lower could arrive before the market begins its next recovery. According to Cowen, the total crypto market capitalization stood at approximately $2.15 trillion on July 31, while his logarithmic regression model estimated its fair value at around $5.74 trillion. That places the market roughly 62.5% below its… Read more
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