The question i'm asking myself is: after this heavy decline in valuation are cryptocurrency still overvalued? Hard to answer since it's a new asset class and normal fundamental analysis doesn't work like you would do it on stocks. How exactly do you value cryptocurrency?
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That is a good question. You don't really have a way to value them fundamentally. It is all based on speculation that it may gain some form of adoption later on. Bitcoin could become an established store of value, or it could become a currency, or it could disappear completely. There are no earnings, cash flows, or dividends to base any kind of valuation on. Your guess is as good as the next guy's. :)
@jrcornel I would be interested in your opinion if you don't mind. (y)