In this post, I’ll propose an answer. I’ll also walk through the intuition behind it from the ground up, stepping through these components: The Equation of Exchange, which offers an underlying framework.Velocity, which shows how the timing of everything makes all the difference.Holding, which digs into the quantities people use versus keep.Total Value, which gets to the nature of competition and what drives the value.In the end is a formula, but I think it is more than that. Understanding the valuation of cryptoassets helps show the transformational impact they might have.

https://medium.com/@sall/valuing-cryptoassets-from-the-ground-up-441ad5a9ff03