Topic: Is ETH overpriced? - page 5. (Read 2170 times)

I agree with you if Ethereum is a very useful project, so in my opinion the price of Ethereum is not overpriced at this time, because with a very good project from Ethereum, then of course the price of Ethereum is still very cheap and I believe that the price of Ethereum will continue to increase very high from the current price.

I think ETH is not overpriced. I actually think its much more expensive that it should be. Considering it is used by many projects such as DeFi's, it should have way higher price than it should have. Now that it hit around 1,600$, I doubt that people will get it less than 1,500$ anymore. Fees are the real problem with ETH right now. ETH do get a new ATH but gas fees sure is hitting new highs too which is so frustrating. Volumes are still coming to ETH coz of DeFi support. DeFi and ETH 2.0 launch are the main things that keeps ETH going.

The valuation of Ethereum as with all altcoins is subject to Bitcoin cycles. Until the moment Bitcoin reaches the top, Ethereum with all the rest cryptocurrencies together will keep rising. It did a new all time high, making it at least not worthless as XRP, BCH, BSV. Only a handful of older coins did that and all the rest are too far from their ATH.

Which altcoins were dominating in 2017-2018 except Ethereum? It was Litecoin, NEM, Dash, XRP, ETC, Monero, Bitcoin Cash, and a few more that were pumping with an army of trolls behind them like Verge, Tron and others. Ethereum is the only one that made it to a new ATH, while the rest are still down between 80-95%.

Most of the altcoins we see today are in the top-50 they are overvalued, but Ethereum is a mystery. I am 100% sure we will be able to buy 80% lower from today's price, perhaps a year or two later, so for this reason I am not recommending investing in it today. However, for short term traders, it could be great, since Bitcoin can keep rising for a few more months, while Ethereum will keep following. So, for the short term, it is not overvalued and in an altcoin explosion term, it could double or higher, however, I will rebuy Ethereum at very lower prices as an investment and if it manages to scale and have low fees of 1 gwei.

The fact that the fee kept increasing despite it being really expensive means there's a lot of transactions going on out there which reflects the demand.It's not gonna go down anytime soon if you correlates the fee with the price and whether ETH is overpriced or not, considering all the dapps and how the ecosystem has grown so far it's safe to say that it's not really overpriced. Not to mention the development of dapps that's really fast in Ethereum blockchain.

because Ethereum is more popular and of course the first smart contract project is Ethereum, so it is only natural that the price of Ethereum is higher than the same project as Ethereum and in my opinion Ethereum price is not overpriced, because Ethereum is not a stable coin and there is no limit to the price of Ethereum, so Ethereum price can increase at any rate, even the price of Ethereum could increase by more than $2,000 in the future, because anything can happen in cryptocurrency (including the price of Ethereum which has risen very high).

For all the advantages of Ethereum, the coin is going through difficult times right now. I am sure that the developers are aware of all the risks and do their best to cope with the load as soon as possible. But the steady growth of ETH inspires confidence and calm. It remains only to wait for the blockchain to stabilize and the price of commissions to decrease.

the fact that majority of project utilises the ethereum blockchain makes it more valuable even though its not yet capped. now that some development is going on to make it more better, gas fee seems to be a threatening thing for new projects on the chain, this is a very big issue currently. which is why new projects and some old are migrating to others chain. having successfully surpassed the previous ATH, i am confident it will set a more higher one before any retracement or big dip.

comparing ethereum with litecoin is not fair buddy
because ethereum has a lot of features rather than litecoin especially eth is the first smart contracts plaform in this crypto world
and for me ethereum price is not overpriced

Ethereum is un-matched in case of practicality, use cases and mass scale use both by developers and end users so i do not think that ethereum's comparison with LTC makes any sense. Obviously litecoin is a big and prominent project as well but still it has no competition at all with eth as eth is a much bigger ecosystem and business.

I guess you're right. It's all about demand/mainstream adoption, than anything else. ETH's demand is soaring like there's no tomorrow because of its usefulness compared to other cryptocurrencies on the market. It's as good as Bitcoin is right now. People are pouring money into ETH like crazy, despite being inflationary by design. If the trend continues, ETH could easily hit $2k - $3k by the end of year.

Still, I believe that transaction fees are quite overpriced. Paying upwards of $20 each time you interact with a decentralized application is not economically feasible in my opinion. Only the wealthy will be able to pay high fees to join in the "De-Fi" craze. Fortunately, the ETH 2.0 upgrade is slowly being introduced into the Blockchain. It shouldn't be long enough before we get to experience a slight decline in fees. ETH will only get better as new network upgrades are implemented over time. Prices per coin are largely determined by people in the mainstream world just like it's the case with Bitcoin and any other cryptocurrency on the market. Whenever ETH is overpriced or not, that's up to you to decide. Just my opinion

Maybe Ehtereum has a higher price, but if you see the future of Ethereum then you can understand the reason. Because it is the most potential altcoin in the crypto market. The market says end of the 2021 Ethereum will reach $2000.

You do have a point there, mate. ETH is more than just a coin. It's a platform where decentralized applications are built. This means that ETH's use cases are not limited to finance. We could say Ethereum is much more versatile than Bitcoin in this regard. As dApps rely on ETH as "gas" to perform network operations, the demand of ETH is relative to its usage in the mainstream world. I've seen somewhere that ETH has a higher transaction activity than Bitcoin itself. The high prices on the market tells us that it's extremely demanded by individuals, investors, and traders alike. ETH would've had a higher price than Bitcoin if developers would've imposed a hard cap in the coin's supply. With a fixed number of ETH that will ever be mined, its price will only go higher for the foreseeable future.

At least, the ETH blockchain works as intended by providing a decentralized "World Computer" for the masses. It may be expensive and slow to use at times, but it's still better than Bitcoin. We cannot compare Ethereum with Litecoin directly as they're completely different things. Litecoin is built only for finance, while Ethereum does that and a lot more. Ultimately, the market will decide Ethereum's price as mainstream adoption grows. Whenever it's overpriced or not, that's up to the investor to decide. For now, let's focus on ETH's utility to make the world a better place. Just my thoughts

I think this is the normal price for the time being. Ethereum is now in great demand in the market and there is fundamentally no reason to believe that this will change.

The increase in Ethereum price started when upgrading to Ethereum 2.0. This upgrade process is carried out in stages and starts at the end of
December 2020. Indeed, from the beginning Ethereum was created to complement the weaknesses of the Bitcoin blockchain network, which do
not have smart contract features. Therefore, it's no wonder that many predict Ethereum to be a replacement for Bitcoin, because now Ethereum is
a crypto asset with the second largest market cap after Bitcoin. Although I myself do not agree with this prediction.

Another factor that made the price of Ethereum soar was the hype that DeFi projects were using the Ethereum platform a lot. So with all the factors
I have already mentioned it is very reasonable that Ethereum's price is getting expensive, and I don't agree that Ethereum is being said to be
overpriced.

of course, because etherium does have a lot of primaries from investors and the community that does hold etherium in large quantities and for quite a long time. So it is not surprising that the price of etherium is very high and the movement on the exchange can be said to be quite fast. and I think etherium will be a favorite of many cryptocurrency users that's why etherium is strong in holding prices steady in the sense that it doesn't fall easily in large numbers.

With the current state of Ethereum right now, I don't see that it is overpriced at all.

It maybe near at its previous ATH last time but many believe that it will surpass that price anytime soon. We already know that Ethereum is the most used blockchain by these new projects and those new DeFi projects and possible that more and more projects will be created under the Ethereum network. Yes it has competitors like Polkadot, Tron, Cardano etc. but they are still using ETH for some reasons. Add the fact that it is the top 2 coin right now in terms of market cap, many investors will pick Ethereum as their main altcoin to invest their  money with aside from Bitcoin.

etherium is an altcoin that already has a large community in the crypto world so it's no wonder that etherium itself is getting more expensive in the future, besides that there are a lot of investors who believe in etherium and keep their money in the form of eth for both short-term and long-term investments. that's the reason why etherium has always been stable in price and on the rise.

The price value of Ethereum at the moment according to the coinmarketcap was over 1250$ plus.
It increased due to that there is a high demand, the more it gets higher is more chances for ETH to increase a lot in the
market. Perhaps, they're are also a lot of ETH buyers who had plan to hold it in the long term I guess.

In my opinion, ethereum remains the only altcoin that is under performing. three times have it tried to move pass it ATH but goes below. other altcoins has move about their ATH and almost double or tripple it. Ethereum is not over priced but has more use case than all the cryptocurrency including bitcoin. i persoanlly perfer ethereum than bitcoin. the problem is the current fees.

that's why ethereum is not over priced. I have been thinking about that too and this time ethereum grows steadily. People should aware about that dude.
People are using it caused by they can get a lot of advantage from it and the majority of defi projects were also using ethereum. It's not only the ethereum community but so many icos and ieos that used ERC20 were getting a lot of usefulness from the ethereum EVM.