Earlier this week, Ethereum hit a new record high of $3,400. Since the start of year, it has seen its price gain over 350%.

The growing interest in cryptocurrencies has surged over the past year, with many individuals and institutional investors starting to allocate a portion of their portfolio to it.

Cryptocurrencies have also taken on a reputation of becoming a fast ticket to financial freedom or in true r/wallstreetbets context – your rocketship to the moon.

With many experts declaring that we are in another crypto bubble similar to 2017, I have decided to delve deep into the rabbit hole and find out myself if that is the case. An argument against the bubble case is that the run up is