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ALL valuations on any asset are whatever a person is willing to pay. ...
Price, even price people are paying and value are too different things. A valuation is a statement of value and doesn't have anything directly to do with price.
Actually, they are the exact the same thing. Somebody seeing a post on reddit and jumping into peta on havelock may not have sat down and done a true valuation, BUT as they decided what the could invest and bought in, they do a quick valuation and decided current price is worth purchasing.
Price and value are two completely different things. Not understanding that is why people lose at investing.