FCAS Compared to Crypto Market Cap
Evaluating Crypto Project Health vs. Valuation via Speculation
FCAS is a comparative metric used to assess the fundamental health of crypto projects. The score is derived from the interactivity between primary project life cycle fundamentals: Customer Activity, Developer Behavior, and Market Maturity.
FCAS as of 1/28/19, for Top 20 Market Cap Crypto Projects:
While Market Cap has historically been a tool for evaluating crypto projects, it’s often disconnected from project health.
Be careful out there, people. It doesn’t matter if it’s Apple, Uber, your local plumber — or a crypto project — you should always evaluate a business based on its fundamentals.
By the way, this isn’t investment advice.
User Activity is an aggregate measurement of all customer behavior for a specific project, comprised of Project Utilization and Network Activity fundamentals.
Developer Behavior is an indicator of how active and efficient a development community is on a specific blockchain or project, derived from three fundamentals: Code Changes, Code Improvements, and Community Involvement.
Market Maturity, derived from Risk and Money Supply fundamentals, represents the likelihood a crypto asset will provide consistent returns across various market scenarios by combining assessments of market risk (specifically, exchange liquidity, price projections, price cliff potential, algorithmic prediction consistency, and price volatility), as well as an analysis of the stability of the Money Supply of each tracked project.
