Is ETH overpriced? | Bitcointalksearch.org

Abiky

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Quote from: Review Master on March 18, 2021, 03:37:12 PM

Upcoming hardfork of EIP 1559 will change this current gas fee situation as it'll incrase the block size and a base fee which will be burned forever from ethereum network along with "Miner tip" option which will be used by those who want to pay higher fees to make fast transections. Hopefully, all other networks will do other new development along with lower transection fee to make a race with ethereum as current problem of high gas fee isn't permanent. As a result, ethereum isn't overpriced yet, IMHO.

We'll see. Developers are going to have to "fix" the unlimited supply issue if they want ETH to become a store of value. I don't think ETH will go higher in price because of its current inflationary model. I'd say ETH is overpriced simply because there's no hard cap in supply for the cryptocurrency. Even DOGE is overpriced with an insane number of coins in circulation. In this wild and crazy world of crypto, anything can be expected.

Nonetheless, time will tell us ETH's true value according to the cryptocurrency's level of adoption in the mainstream world. So far, it's the best smart contract platform in the world with a proven track record of development and innovation. Whenever ETH will reach higher prices in the future or not, that's up to the people to decide. Everything is based on hype and "FOMO" these days, so there's a possibility ETH will reach prices higher than $2k in the following months. What matters is that fees stay low so people will be able to participate in the decentralized economy. ETH's high fees coupled with current prices on the market, makes day-to-day payments unfeasible. At least, there's hope fees will decline in the future with the unveiling of ETH 2.0. Just my thoughts Grin

Hasan986

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At the moment I think Ether should be above 3000$+. Ether is not overpriced. When BTC was 20 thousand, ether was 1200. BTC now has 60,000$, Ehers then there should be at least 3000-4000$.

iv4n

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Quote from: guydin on March 22, 2021, 04:11:00 PM

Ethereum may have temporarily lost its retail investors, but has the network been hit hard by this? If the commission is still so high, then Ethereum is popular and is not losing ground. In my opinion, ETH is quite enough of the investment that the network is currently receiving.

To be honest, I see no reason to endlessly discuss problems with Ethereum, our discussions will not change the situation. Therefore, I will wait for updates, and then make a decision to use ETH or switch to BSC.

You have a point, Ethereum is still being used a lot, and judging by that Ethereum is not losing ground! But, many people are switching to BNB and TRX already, and I must say I am one of them... I didn't quit on ETH, but I am not using it until all craziness around the fees doesn't pass! And as I said, if that doesn't happen Ethereum will be in the problem, simply because there are projects that can deliver more in any way!
In the end, I agree that we need to wait for updates before we make any big decisions, but I guess each of us has some predictions about this matter! My advice is to learn about other projects, that can be beneficial for the future!

Fivestar4everMVP

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Well, on a general note, I don't think Ethereum is over valued, but then, am really surprised that i am just getting to know that Ethereum has an infinite supply which really baffles me, I mean like seriously, since 2016 I got into crypto, am just getting to know this, this simply means that in the long run, the price of Ethereum will either be stagnant or go down when more coins are finally minted, but I believe that vitalik and he's team of developers will not allow this happen.

guydin

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Ethereum may have temporarily lost its retail investors, but has the network been hit hard by this? If the commission is still so high, then Ethereum is popular and is not losing ground. In my opinion, ETH is quite enough of the investment that the network is currently receiving.

To be honest, I see no reason to endlessly discuss problems with Ethereum, our discussions will not change the situation. Therefore, I will wait for updates, and then make a decision to use ETH or switch to BSC.

kopijos

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take a deeper look at the power of ethereum, all crypto networks use ethereum mostly. and ethereum are bigger fans than you mention. ethereum prices have been good since last 2017. it's just that the market collapses and in 2021 the price has increased again. So I think this is a fair limit for ethereum and not overpriced, this is the price ethereum should have.

Review Master

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Quote from: ahoenk on March 17, 2021, 07:29:01 PM

As long as ETH gas fees is still high no retail investor will use it and it will make eth over price, especially there will be Flare network wich will launch in the end of q2, the competition for this niche will be hard. Ada, flare, bnb, fot is the good and safe network.

Upcoming hardfork of EIP 1559 will change this current gas fee situation as it'll incrase the block size and a base fee which will be burned forever from ethereum network along with "Miner tip" option which will be used by those who want to pay higher fees to make fast transections. Hopefully, all other networks will do other new development along with lower transection fee to make a race with ethereum as current problem of high gas fee isn't permanent. As a result, ethereum isn't overpriced yet, IMHO.

roosbit

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Overpriced I do not think so!
With hundreds of coins being housed on the ethereum blockchain it's expected that these will give ethereum the demand of the coin and result in an increase of its price.
So AFAIK the current prices are a reflection of how much we are willing to spend.

Bitstar_coin

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Quote from: Abiky on March 18, 2021, 01:31:20 PM

Quote from: bryant.coleman on March 17, 2021, 09:50:31 AM

ETH looks overpriced for me, given the outdated technology and issues in implementing ETH 2.0. ETH is the only altcoin having a market cap of above $50 billion. There is a huge gap between ETH (market cap of $203 billion) and the second ranked altcoin (Cardano, with a market cap of $40 billion). This gap is not justified, given the fact that Cardano is having a much more advanced technology when compared to ETH.

I think ETH's price is related to hype more than anything else. So many people are investing into ETH because of the "FOMO" sentiment. They don't care about other projects, even if those prove to be superior than ETH in every way. Cardano is a better alternative with innovative features at its core. The ADA blockchain has ultra low fees and blazing-fast transaction confirmation times. It's much more scalable than ETH by orders of magnitude with the tried-and-tested "Ouroboros" PoS consensus algorithm. At $1.40 per coin, I'd say that Cardano is quite a bargain.

Nonetheless, it's a crazy world we're living these days. Any cryptocurrency can become extremely valuable if it gains the attention of people in the mainstream world. Consider how Dogecoin went from being worth nothing to cents (in USD) since the beginning of 2021. While ETH is hovering between the $1.8k - $28k range, it could head back to its original prices once the "De-Fi" and NFT hype comes to an end. I doubt PoS will make ETH more valuable in the long run, unless developers solve the "inflation" issue. Current ETH inflation rates vs current prices tells us that ETH is extremely overpriced. Who knows what will happen with the value of ETH in the long term? Just my thoughts Grin

You are very correct, I am also of the opinion that eth is overpriced and most of investors are just fomo-ing on eth because that's what majority of people will suggest when they will ask for a project to invest in,
A coin with infinity supply cost this much with all the network lapses and congestion that are yet to be resolved,
Then again isn't the who crypto in the market overpriced including our good old btc Grin

Abiky

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Quote from: bryant.coleman on March 17, 2021, 09:50:31 AM

ETH looks overpriced for me, given the outdated technology and issues in implementing ETH 2.0. ETH is the only altcoin having a market cap of above $50 billion. There is a huge gap between ETH (market cap of $203 billion) and the second ranked altcoin (Cardano, with a market cap of $40 billion). This gap is not justified, given the fact that Cardano is having a much more advanced technology when compared to ETH.

I think ETH's price is related to hype more than anything else. So many people are investing into ETH because of the "FOMO" sentiment. They don't care about other projects, even if those prove to be superior than ETH in every way. Cardano is a better alternative with innovative features at its core. The ADA blockchain has ultra low fees and blazing-fast transaction confirmation times. It's much more scalable than ETH by orders of magnitude with the tried-and-tested "Ouroboros" PoS consensus algorithm. At $1.40 per coin, I'd say that Cardano is quite a bargain.

Nonetheless, it's a crazy world we're living these days. Any cryptocurrency can become extremely valuable if it gains the attention of people in the mainstream world. Consider how Dogecoin went from being worth nothing to cents (in USD) since the beginning of 2021. While ETH is hovering between the $1.8k - $28k range, it could head back to its original prices once the "De-Fi" and NFT hype comes to an end. I doubt PoS will make ETH more valuable in the long run, unless developers solve the "inflation" issue. Current ETH inflation rates vs current prices tells us that ETH is extremely overpriced. Who knows what will happen with the value of ETH in the long term? Just my thoughts Grin

ahoenk

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As long as ETH gas fees is still high no retail investor will use it and it will make eth over price, especially there will be Flare network wich will launch in the end of q2, the competition for this niche will be hard. Ada, flare, bnb, fot is the good and safe network.

mirgo1791

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yes might be it is overpriced as compared with the level of possession of people as they lives in different country. for example the price of 1700 worth as equal to 10 mobile phone of android os that we have knowledge that in PRC of the place that they work on manufacturing the phone, 1 billion of their people lives without the possession of mobile phone.

bryant.coleman

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ETH looks overpriced for me, given the outdated technology and issues in implementing ETH 2.0. ETH is the only altcoin having a market cap of above $50 billion. There is a huge gap between ETH (market cap of $203 billion) and the second ranked altcoin (Cardano, with a market cap of $40 billion). This gap is not justified, given the fact that Cardano is having a much more advanced technology when compared to ETH.

Pamadar

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With a lots of developments and functionable inside this market, yes indeed ETH deserve

the success in value right now, developers enjoy the concepts aside from high gas fees but the usages it's indeed successful.

Quote from: gwdf1 on March 16, 2021, 05:16:15 PM

Ethereum deserves its current position in the rankings. And the cost of ETH is quite justified, the network really offers a lot of opportunities and tools. Perhaps for institutional investors, the issue of high commission fees is not as acute as for ordinary people in the crypto world.

Quote from: btc-facebook on March 17, 2021, 05:14:17 AM

Although the maximum supply of ethereum is unlimited, ethereum ecosystem and usability is much better than that of litecoin, which is why the price of ethereum has risen so high. and also the hype about DeFi, DEX, Farm, Liquidy Pool as well which is another reason ethereum price increases and makes new ATH,

Yeah this project achieved the success due to the usages that it brought to this community,

and with all those hypes coming from project who has been developed inside ETH chain, it's adding everything and bringing the price to rise more.

bakasabo

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Ethereum was lucky to be in the right place фтв at the right time. Ethereum was first to offer ICO and allowed to easily start projects. I call this as easy money, as at the prime of ICO, everyone earned a lot. This has allowed to build a strong believe in Ethereum and grow popularity. Then there was a DeFi and swap boom. Right now, there are a lot of blockchains and projects that offer same services and Ethereum, if not has a better decisions how to make things. But they dont grow in price like ETH. So imo, ETH is overpriced.

btc-facebook

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Quote from: Abiky on January 01, 2021, 08:29:36 PM

What I can't understand is how ETH has a high price when there's no hard cap established by the developers yet. ETH has an inflationary model where new coins are generated over time. It never hits the ceiling in terms of max supply. This should make ETH less valuable over time. But that's not the case, as ETH sits well above $600 per coin. Am I missing something here? Why is ETH much more expensive than Litecoin?

Although the maximum supply of ethereum is unlimited, ethereum ecosystem and usability is much better than that of litecoin, which is why the price of ethereum has risen so high. and also the hype about DeFi, DEX, Farm, Liquidy Pool as well which is another reason ethereum price increases and makes new ATH,

Skieleton

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Quote from: Abiky on January 01, 2021, 08:29:36 PM

Ethereum's native token (ETH) is on a constant uptrend in price as Bitcoin soars towards new ATHs. The "De-Fi" hype has been the major driving factor for ETH's recent price boost. High network load and high market prices, translates in ridiculously high fees to the end user making "De-Fi" impractical on the Ethereum blockchain. Yet, people continue to buy and "hodl" ETH like there's no tomorrow.

What I can't understand is how ETH has a high price when there's no hard cap established by the developers yet. ETH has an inflationary model where new coins are generated over time. It never hits the ceiling in terms of max supply. This should make ETH less valuable over time. But that's not the case, as ETH sits well above $600 per coin. Am I missing something here? Why is ETH much more expensive than Litecoin? I mean, Litecoin has a deflationary model (unlike Ethereum) with a hard cap of 84 million coins. If we base ourselves on this, Litecoin should've been worth a lot more than Ethereum today.

Thoughts? Huh

I noticed that BTC has a huge influence on the price of ETH. It has always been. There was a moment in June 2020 when this compliance was less but all the time it was ...

gwdf1

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Ethereum deserves its current position in the rankings. And the cost of ETH is quite justified, the network really offers a lot of opportunities and tools. Perhaps for institutional investors, the issue of high commission fees is not as acute as for ordinary people in the crypto world.

BuNga_cute

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In my opinion, the current Ethereum price is not overpriced considering the high demand for Ethereum. Moreover, Ethereum is the king of altcoins
so it is only fitting that the price is expensive, therefore compared to other altcoins the Ethereum price is quite high. I think what is overpriced right
now is gas fees from Ethereum, I do understand the increase in gas fees due to the increasingly crowded Ethereum network. But there should be
a solution related to the problem of gas fees, I hope the release of ETH 2.0 will make Ethereum gas fees much cheaper.

GreenStox

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maybe because the demand or use that has been a lot from the public makes eth continue to be used and the price will continue to rise, even when the fees are very high like now transactions on the ETH network don't seem to decrease and tend to increase.
it looks like people will or are already used to this condition.

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