Topic: Is ETH overpriced? - page 3. (Read 2118 times)

No, ETH is not overpriced, the price of ETH is normal in my perspective, because ETH never let us down, only in 1 year, ETH already increased about 798%, just only in 1 year. So, i think the price of ETH is not overpriced, the only problem with ETH is only the high gas fee, the gas fee of ETH is very expensive, i hope that this problem can be solve soon and expect and cheap gas fee in the future.

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.

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

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.

Yes, of course, Ethereum could be retained the second position in the altcoin market, but the market has many types of potential coins, that have a good plan and novel ideas. Maybe ETH gives you the maximum but now ETH is an expensive investment. So traders you can choose USDT, BUSD, PAX. Because those prices are low and if you know how to business in the crypto market you will make a profit in the future. Just wait for a good time to investing.

PoS should increase inflation, devaluing the cryptocurrency in question. With no monetary policy, ETH is no different that Fiat money. Current prices are extremely high if we take into account ETH's economic model. It's meant to be used as "gas" for the execution of decentralized applications. Most people are too greedy to care about this. We, the users of ETH, are paying the consequences of such high prices on the market as interacting with decentralized applications on a daily basis becomes economically unfeasible. The much-expected ETH 2.0 upgrade is taking longer than usual to take full effect on the Blockchain. Even with PoS in play, fees will stay relatively high because of the current market price. As ETH was never meant to be a store of value, prices should be a lot lower than what they are right now.

Still, anyone can determine how much ETH is worth on the market. After all, there's no central authority in charge of the coin's supply. Everything is based on demand these days. And if there's a lot of demand for ETH, prices will only go higher in the long term. What ETH devs need to do is implement new scalability techniques on the Blockchain in order to reduce fees to a minimum. ETH 2.0 helps, but more effort is needed in order to maintain fees at their lowest. I'm sure that in the future, ETH will become cheap to use on a daily basis regardless of its current price on the market. But good things don't happen overnight. Just my thoughts

I don't think the supply or the lack of a fixed number is a disadvantage for Ethereum. With it turning into POS, the yearly increase would be below 10% which would be necessary for utility token like Ethereum as with the large numbers and amounts of transactions and wallets, there are several ways the coins could be lost. Ethereum's nature might be more suitable for long term than many other coins.

That's exactly my point. ETH is just like DOGE in the sense that both coins have a huge supply of coins in circulation. Unlike Bitcoin, ETH is an inflationary cryptocurrency with no fixed supply. How can something as infinite as ETH be extremely valuable today? It doesn't make any sense. This goes against the rules of supply and demand. But in crypto land, anything can be expected.

If this keeps up, we may see ETH heading north of $2k per coin. The higher the price in terms of Fiat, the more expensive it'll be to interact with decentralized applications. It greatly defeats Ethereum's purpose of being the "World Computer". There's a reason why developers made Ethereum as an inflationary asset. That was to keep costs as low as possible. Even if ETH scales with upcoming network upgrades, running or executing smart contracts (dApps) will be unfeasible because of the ever-rising market prices per coin. Things could change if ETH adopts a monetary policy like ETC did some time ago. But the odds of this happening are very slim. Just my opinion

According to historical data ETH always keep a good co-relation with BTC by keeping it 1BTC = 32ETH. So if ETH hit $5k then BTC price should be around $150k. This number is quite high but achievable because of the hype about crypto this year. As soon as the crypto market cross 1 trillion it didn't take more than a month to cross 1.5 trillion. This is a clear indication of mass adoption, institutional investors, and hype about it. But there should be a big correction before that could happen.

In my conclusion it has potential to rise more and it is nice chance to purchase as numerous as one can since after eth 2.0 full dispatch eth will ended up a deflationary venture that will burn and reduce supply frequently so that's why im bullish on eth and im seeking out for genuine bulls ahead.Ethereum isn't overpriced, it ought to be esteemed at half of BTC per coin since it is truly a profoundly profitable Blockchain that's being utilized by thousands of humans.Ether could be a coin with incredible future i think who missed the BTC party can connect ETHER.

Agree with you, Ethereum is my all time favourite coin and it has great potential and this time ETH will shock everyone by Making new records as bitcoin shocked the crypto world by reaching 50k $ milestone. After bitcoin every big trader have trusted ETH over all altcoins. And this time ETH will reach 5k$ by the mid of 2021.

The greater part of most altcoins  today are Ethereum based. And Given this current realities, it's not possible for anyone to put down Ethereum. Ethereum may have more exorbitant prices this year as you can see if bitcoin goes up ethereum also goes up .It has this high potential and I think will perform better in 2021 after falling short for like 3years

Anything can be overvalued in a bull market, but not tokens from the top 10. It seems to me that ETH, like other top 10, will add at least x2 to the prices that we see on the market today. But there may be a different outcome of events.

If its overpriced, do you mean its will be a big correction near this time?
Im hesitate to have any investment to Ethereum at this moment and try to my luck with EOS.

increased supply? what do you mean by increased ethereum supply? isn't one of the purposes of the ethereum 2.0 update is to determine the supply that will circulate in the market? I don't expect ethereum to have such a huge supply. the 2.0 update that was just running was already getting the market pumping up. This will last quite a while, but be aware of bitcoin.

If you consider there is no hard cap to the amount of Eth that can be generated, if I was an Eth holder I would be somehow worried. Eth is no more than dogecoin in terms of supply right now, because until they do not decide how many ethers there will be, I can easily say that ethers are overpriced.
Not having a cap, it makes eth worthless like fiat money.

There is no other altcoin that made it on top which its ecosystem is also related to other altcoins. It's no wonder the price of other tokens rises when ETH rise. ETH isn't overpriced.

But would it change this time not that gas fees are tanking and the transactions of ERC20 tokens are getting lesser?  I'm not sure if there is a casino base ERC20 tokens that it has to be sent every now and then but if there is, it will greatly spend a ton of ETH fas for the casino function.

If Ethereum will not find a way to compete with its children (EOS,XTZ,ADA,BNB,DOT,LINK and many more) it may fail in the future. Today, I agree, Ethereum is the standard choice for devs and projects but let's be honest, with the recent gas fees spike, it is losing ground a bit.
I am very curious about the outcome of ETH 2.0 which I do not see ready to compete with its successors.

The vast majority of the digital currencies today are Ethereum based. Given current realities, it's not possible for anyone to deprecate Ethereum. Ethereum may have more exorbitant costs. It has this potential and I think will perform better in 2021.

Yes, the increase of ETH price is certly connected to the big usage of it, but in this period it's only speculation. A lot of cryptocurrencies are connected to eth blockchain and this makes it almost irreplaceable. By the way also with ETH 2.0 we had a great increase of value, this is the demonstration that with improving the value of projects increase