Is ETH overpriced? - page 2. | Bitcointalksearch.org

Viscore

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Quote from: Traderbtcc on March 12, 2021, 05:35:50 PM

I know the supply of Ethereum is quite huge for the price of Eth now, but we can't denial the fact that Ethereum blockchain is the breeding ground for about 98% of all the new altcoin projects out there, this has made Ethereum blockchain the most popular blockchain(if I'm not mistaken), also with all those ERC20 tokens on eth blockchain you will need eth as collateral for gas fees in order to send any ERC20 tokens, maybe with more ERC20 tokens coming out each day the price of Eth will keep pumping.

You have a point, but the question is, is that 98% a successful projects or is the majority of that 98% successful?

I believe only few of them are really successful, meaning they are not getting money from investors and ETH network at the moment is very congested resulted to high transaction fee. however, in terms of it's suppose to be real value, I think it's not overvalued as the market is just getting an adoption and it will continue to grow.

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I know the supply of Ethereum is quite huge for the price of Eth now, but we can't denial the fact that Ethereum blockchain is the breeding ground for about 98% of all the new altcoin projects out there, this has made Ethereum blockchain the most popular blockchain(if I'm not mistaken), also with all those ERC20 tokens on eth blockchain you will need eth as collateral for gas fees in order to send any ERC20 tokens, maybe with more ERC20 tokens coming out each day the price of Eth will keep pumping.

Waleedzain323

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ETH is overprices not at all the network of ETH is more stron then ay other coin. ETH is not large its extra large due to Dapps and ERC20 based projects and i thin it will never back to $500 and ETH has potential to touch $5000 near soon in future.

Tipstar

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Quote from: ttcsalam on March 12, 2021, 12:00:16 PM

Quote from: husdemba on January 02, 2021, 09:03:52 AM

Most of the cryptocurrencies today are Ethereum based. Given the facts, nobody can belittle Ethereum. Ethereum may have higher prices. It has this potential and i think will perform better in 2021.

Yes i have the same opinion.now they are trying some new news next month i think the price will Pump again.this is a good news for all investor.

Ethereum as a utility token has a very high fees. It would not be sustainable for long term if they don't be able to get the transaction fees down. The current price is purely manipulative and depended on the limited tradable supply. The price increment has lowered the use of Ethereum which won't be a good thing as unlike bitcoin, rarity is not the selling point of Ethereum.

ttcsalam

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Quote from: husdemba on January 02, 2021, 09:03:52 AM

Most of the cryptocurrencies today are Ethereum based. Given the facts, nobody can belittle Ethereum. Ethereum may have higher prices. It has this potential and i think will perform better in 2021.

Yes i have the same opinion.now they are trying some new news next month i think the price will Pump again.this is a good news for all investor.

yurez

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We will see the strength of Ethereum and significant price increases after the full transition to PoS. I am very optimistic about the Ethereum rate and I think that expensive transactions on the network are hindering growth right now.

rozak

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Quote from: ?? on ??

This is not true ethereum is not over price it is still under price but ethereum gas fee is over price but we can blame the market because of high demands of trading right now. But for me ethereum is under price still maybe it deserves higher price.

why do you blame the market? that's the system.
demand increases the price becomes high and transactions are getting denser and busier. transaction costs will also increase. we don't need to blame anyone in the current situation. Would you like to leave the current market and come back in 2018 when transaction fees were also very low?
I believe ethereum could cost a lot more than its current price in 10 years in the future.

Tash

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Quote from: molsewid on March 12, 2021, 09:40:59 AM

Quote from: Argoo on March 11, 2021, 07:27:17 AM

Ethereum's current price is not overpriced. On the contrary, it is still too underestimated. Ethereum used to be about a tenth of the price of bitcoin. Now the price of bitcoin is about $ 55,000. At this price, ethereum should have a price of about $ 5,500, but its price is $ 1,746.
During the implementation of Ethereum 2.0 improvements, this coin should be completely updated and, including, become deflationary. After that, its price should rise significantly even in comparison with the above calculation. We expect the price of ethereum at the level of one hundred thousand dollars.

As i do agree with you mate, ETH with its current market value of 0$1703 isn't overprice indeed, i guess we could only rather say that it was an overpriced if it was a $10000 or higher than that. I do believe that ETH gas fee was the one that should be called as overpriced rather than the cryptocurrency market value itself. As of onow, upon checking the block folio ETH has a red arrow on it indicating that its value was lower than it has the past few days, then why could we say that it was overprice.

Gee you must be one form the slow brigade. This thread was started at beginning of year, how does that work out to a red arrow? ($730>$1750)
Second you maybe one of a few who pays more for the fee than for the concert ticket. That requires a special kind of thinking.

molsewid

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Quote from: Argoo on March 11, 2021, 07:27:17 AM

Ethereum's current price is not overpriced. On the contrary, it is still too underestimated. Ethereum used to be about a tenth of the price of bitcoin. Now the price of bitcoin is about $ 55,000. At this price, ethereum should have a price of about $ 5,500, but its price is $ 1,746.
During the implementation of Ethereum 2.0 improvements, this coin should be completely updated and, including, become deflationary. After that, its price should rise significantly even in comparison with the above calculation. We expect the price of ethereum at the level of one hundred thousand dollars.

As i do agree with you mate, ETH with its current market value of 0$1703 isn't overprice indeed, i guess we could only rather say that it was an overpriced if it was a $10000 or higher than that. I do believe that ETH gas fee was the one that should be called as overpriced rather than the cryptocurrency market value itself. As of onow, upon checking the block folio ETH has a red arrow on it indicating that its value was lower than it has the past few days, then why could we say that it was overprice.

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Quote from: TastyChillySauce00 on March 12, 2021, 03:41:41 AM

Quote from: JooBra on March 11, 2021, 04:20:26 PM

Even with BTC price of 1mil there wont be a problem with transaction fees. There are already some projects that are working to fix that. Something like wrapped BTC where you pay transaction in other coins.

Wrapped coin should only be temporary solution to avoid the fee problem though.
We'll eventually find a way to solve the fee problem on various blockchain and tbh the biggest tackle is the fact that blockchain is decentralized and there's just many people's interests that confronts to each other however we gonna overcome that eventually, its just about time.

You are indeed correct that poor scalability is driving so much transaction costs today. One must take into account the fact that DeFi projects still continue to have a huge turnover in the cryptocurrency market, as well as USDT, which together fills most of the bandwidth of Ethereum. But soon the situation will change, as the hard backdrop of London to reduce commissions, which in its own will be compressed.

nancy

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There are coudnt be overpriced project during bull run, simple truth, hah

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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 think the eth price for now is very high. might be the new ATH. for investors may think again to buy back eth now when the price is already very high. maybe wait for the bearish market to buy back.

TastyChillySauce00

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Quote from: JooBra on March 11, 2021, 04:20:26 PM

Even with BTC price of 1mil there wont be a problem with transaction fees. There are already some projects that are working to fix that. Something like wrapped BTC where you pay transaction in other coins.

Wrapped coin should only be temporary solution to avoid the fee problem though.
We'll eventually find a way to solve the fee problem on various blockchain and tbh the biggest tackle is the fact that blockchain is decentralized and there's just many people's interests that confronts to each other however we gonna overcome that eventually, its just about time.

Tash

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Ethereum is like IBM computers they of the opinion there is only limited use for rich or stupid.
No crypto is for everyone, some people earn less than a dollar a day.
Its absurd to think someone works halve a year just to pay some transaction fees.
Looking around the crypto space more and more coins have tokens and agreements.
Anyone can create one and sell on open market without exchanges.

Fees must be almost eliminated, not just halved or reduced to "just" a full days wage (for some of the unfortunate).
For years now there is promises and promise it will be fixed, reality nothing has happened except statements and promises….
Just to create a second chain (Eth2) took over 4 years, even bitcoin did not take that long to create.
Peercoin first proof of stake coin was up and running in a matter of weeks-months.

Overpriced, yes if fees do not disappears in a matter of weeks, yes it will implode utterly.
Crypto is fast moving, you can bullshit for some time but not forever.

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Quote from: Tash on March 11, 2021, 08:13:25 AM

Quote from: Argoo on March 11, 2021, 07:27:17 AM

Ethereum's current price is not overpriced. On the contrary, it is still too underestimated. Ethereum used to be about a tenth of the price of bitcoin. Now the price of bitcoin is about $ 55,000. At this price, ethereum should have a price of about $ 5,500, but its price is $ 1,746.
During the implementation of Ethereum 2.0 improvements, this coin should be completely updated and, including, become deflationary. After that, its price should rise significantly even in comparison with the above calculation. We expect the price of ethereum at the level of one hundred thousand dollars.

Dare to explain how? Where is the info for that fantasy? How many % is staking award?

People doesnt really stop on connecting out the dots even though it do looks unrelevant at all. ETH do basing up always on 1/10 price of bitcoin? There's no such
thing to be like that because even it does have that kind of behavior but still one of the factors that cant be controlled is the demand itself.You cant force out
the community or investors on which one they should be dealing off. Overpriced or undervalued, those things would only be determined or can be known
in due time but not on this current situation we are on where ETh fees are on the rooftop.

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Quote from: 7788bitcoin on March 11, 2021, 02:01:37 PM

Quote from: geegaw on March 11, 2021, 01:32:28 PM

The expectation that ethereum will hit $100k is pretty scary because you said that eth is only about 10 times smaller than bitcoin, if it hits the mark you said, bitcoin will hit a million dollars, I can hardly believe this imagination, Bitcoin has created enough problems in the market, one more ethereum can do the same thing, I think investors can hardly calm down in this market.

You do not need to be scared as the price of ETH will never hit those valuations but the idea of bitcoin hitting a million dollars is a bit scary when i think what kind of transaction fees i need to shell out when it hits those valuation and i want to use bitcoin rather than as a store of value without any use case Cheesy

.

Quote from: geegaw on March 11, 2021, 01:32:28 PM

However, you are still correct about the $5000 milestone because of the most recent information from the ethereum development team, they will scale the ethereum network during the ethereum 2.0 upgrade.

We are hearing about this scaling drama for over a year and last year they proposed that they are upgrading and still i have not seen any changes in the fees and when do you think that it takes place so that we could start sending ETH at a much lower transaction fees.

Even with BTC price of 1mil there wont be a problem with transaction fees. There are already some projects that are working to fix that. Something like wrapped BTC where you pay transaction in other coins.

7788bitcoin

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Quote from: geegaw on March 11, 2021, 01:32:28 PM

The expectation that ethereum will hit $100k is pretty scary because you said that eth is only about 10 times smaller than bitcoin, if it hits the mark you said, bitcoin will hit a million dollars, I can hardly believe this imagination, Bitcoin has created enough problems in the market, one more ethereum can do the same thing, I think investors can hardly calm down in this market.

You do not need to be scared as the price of ETH will never hit those valuations but the idea of bitcoin hitting a million dollars is a bit scary when i think what kind of transaction fees i need to shell out when it hits those valuation and i want to use bitcoin rather than as a store of value without any use case Cheesy

.

Quote from: geegaw on March 11, 2021, 01:32:28 PM

However, you are still correct about the $5000 milestone because of the most recent information from the ethereum development team, they will scale the ethereum network during the ethereum 2.0 upgrade.

We are hearing about this scaling drama for over a year and last year they proposed that they are upgrading and still i have not seen any changes in the fees and when do you think that it takes place so that we could start sending ETH at a much lower transaction fees.

kramat

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Ethereum is also now increasing the price. Ethereum is queen of all coin. Ethereum also any time to increase the price. Bitcoin price will be increased. Ethereum also increase the price. Ethereum also good future investment. If want try to invest. Check the maket price. Then invest it. Ethereum reach the people. Ethereum is opportunity to future growth.

geegaw

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Quote from: Argoo on March 11, 2021, 07:27:17 AM

Ethereum's current price is not overpriced. On the contrary, it is still too underestimated. Ethereum used to be about a tenth of the price of bitcoin. Now the price of bitcoin is about $ 55,000. At this price, ethereum should have a price of about $ 5,500, but its price is $ 1,746.
During the implementation of Ethereum 2.0 improvements, this coin should be completely updated and, including, become deflationary. After that, its price should rise significantly even in comparison with the above calculation. We expect the price of ethereum at the level of one hundred thousand dollars.

The expectation that ethereum will hit $100k is pretty scary because you said that eth is only about 10 times smaller than bitcoin, if it hits the mark you said, bitcoin will hit a million dollars, I can hardly believe this imagination, Bitcoin has created enough problems in the market, one more ethereum can do the same thing, I think investors can hardly calm down in this market. However, you are still correct about the $5000 milestone because of the most recent information from the ethereum development team, they will scale the ethereum network during the ethereum 2.0 upgrade.

TWW

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Quote from: Mr.Scott on March 11, 2021, 08:23:00 AM

Quote from: Argoo on March 11, 2021, 07:27:17 AM

Ethereum's current price is not overpriced. On the contrary, it is still too underestimated. Ethereum used to be about a tenth of the price of bitcoin. Now the price of bitcoin is about $ 55,000. At this price, ethereum should have a price of about $ 5,500, but its price is $ 1,746.
During the implementation of Ethereum 2.0 improvements, this coin should be completely updated and, including, become deflationary. After that, its price should rise significantly even in comparison with the above calculation. We expect the price of ethereum at the level of one hundred thousand dollars.

Exactly, It make sense! I hardly believe that Ethereum deserve more value comparing the price of bitcoin. I'm following many prediction about ethereum price so I would like to buy more ethereum that Bitcoin. Honestly I would consider ethereum relatively low to grab.

Do you want to buy more ethereum just because of the signals given from the community you follow?
believe me, that prediction can be a gamble for you.
ethereum growth to date has been good news for the community and holders.
wish it was better on ethereum 2.0 is not wrong. but consider the future market conditions until the update is actually completed.

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