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arXiv · 2403.04914

Improving the Equation of Exchange for Cryptoasset Valuation Using Empirical Data

Stylianos Kampakis·Melody Yuan·Oritsebawo Paul Ikpobe·Linas Stankevicius
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Abstract

In the evolving domain of cryptocurrency markets, accurate token valuation remains a critical aspect influencing investment decisions and policy development. Whilst the prevailing equation of exchange pricing model offers a quantitative valuation approach based on the interplay between token price, transaction volume, supply, and either velocity or holding time, it exhibits intrinsic shortcomings. Specifically, the model may not consistently delineate the relationship between average token velocity and holding time. This paper aims to refine this equation, enhancing the depth of insight into token valuation methodologies.

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Stylianos Kampakis, Melody Yuan, Oritsebawo Paul Ikpobe, Linas Stankevicius. 2024-03-07. Improving the Equation of Exchange for Cryptoasset Valuation Using Empirical Data. https://arxiv.org/abs/2403.04914

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