As the price of Bitcoin breaks all-time highs, and yesterday Friday, November 8, 2024, nearly hit $77,000, investors are faced with a crucial question: is this rapid rise supported by real value, or is the market already reaching its limits? In a phase of price discovery, where traditional benchmarks seem to be dissolving, analyses of on-chain metrics allow us to better understand the underlying potential of the most iconic crypto. Five key indicators show that, despite this peak, Bitcoin remains fundamentally undervalued.
The article Bitcoin still undervalued despite its new historic high: Here are 5 key indicators that prove it! appeared first on Cointribune.
