Value the network by taking the number of transactions and working out the PE
At 7.23 Charles Morris editor at Atlas Pulse values the network at 382 dollars
He based his calculations on weekly Market Cap to Fee Ratio CFR
At CFR of 7 he calculates the price at around $382
As the number of transactions increase, the value of the network increases.
Below an infographic on the possible growth of the network.
What is not considered is the value of off-chain transactions.
I can agree that the value of bitcoin is related to the value of the network but measuring that is a little problematic. At best it is a guide and we should see the price of bitcoin increase as it's adoption increases.
On my analysis the current price floor is Here.
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