Think of this, Ethereum already has over 25% of the nodes that Bitcoin has. And everyone says that the main number 1 reason that Bitcoin is so valuable is because of it's network effect is so huge.
Well, if network effect is the most important thing in crypto than technically ETH should be valued at 25% of BTC market cap.
That would make price roughly $21.00/ETH.
In that case I would argue that ETH is still grossly undervalued. And Ethereum network effect is growing faster every day...
Thats a wierd metric. Ethereum is valued at what Ethereum is valued at. It may be higher tomorrow morning, and it may be lower tomorrow morning. But I feel pretty certain that in 2 weeks it will be higher than it is today. But it is going to follow a path up. It may be a steep path, but it will have starts and stops.
But just as fast as it has become the darling coin, another could take the lead. That is why it is best to have a diversity of coins. For example.... I hear there could be Lightening News coming soon. That will slow Eth and put Bitcoin back in focus.
But regardless, the overall trend WILL continue to be up. So HODLing is a steady safe path up.
