Topic: Is ETH overpriced? - page 6. (Read 2170 times)

if the demands high, for sure the price will growing because of that,
and i think this is only the beginning from ethereum price to hit the first target, wich mean the past ATH and the next target could be create new ATH
i believe everyone will see ethereum run above $2000 in this year after the price break its ATH

The high price is due to the fact that there is a lot of demand. And as we know from the lesson in economics, the higher the demand, the more supply. And of course the price will be high. Everyone uses it and wants to use it because of its simplicity.

in the last few days eth has continued to experience price correction from before which had experienced a decline but within hours the price of eth returned to rise and of course this is a good opportunity for us to get profit, as traders of course doing short-term trading in conditions like now is a matter which is quite good, now the price of eth has reached $ 1,399.87 and it does not seem to be ruled out if eth will be able to and can even exceed the all-time high of eth price in 2018.

To be honest Ethereum has just broken out of its long perhaps over 3 year of downtrend and accumulation phase so now it seems like a complete trend reversal and i do not think it will end soon or for cheap and the new all time high peak price for ETH will be insanely huge this time around.

I guess you're right. Ethereum's current prices reflect its level of demand on the market. The higher the demand, the higher the price will be. I think that current prices are fair, considering that most tokens and dApps are developed on the ETH blockchain. In this regard, the world's second-largest cryptocurrency by market cap has a huge advantage over its competitors. Chains like TRON, EOS, and ADA are better technically-speaking, but they lack mainstream adoption. It explains why they're much cheaper than ETH in terms of Fiat. Ethereum's level of development, innovation, and mainstream adoption, makes the project as good as Bitcoin. I wouldn't say that ETH is overpriced since demand is soaring towards new highs.

Nonetheless, people have different perceptions when it comes to ETH's price. What ultimately matters is utility above all else. ETH lives up to its name by being the decentralized "World Computer" backed by many people worldwide. The ever-growing number of dApps and tokens shows us that it's extremely popular in the mainstream world. As long as it stays that way, it won't be going anywhere. ETH may outlast its rivals in the future, as they're unable to compete with it. Who knows what the future will bring in this wild and crazy world of crypto? Just my thoughts

I think that it is not overpriced yet, there are few important points that eveyone should know:-

1) There is a heavy usage of ethereum as most of the De-fi projects build their smart contracts on ethereum blockchain.
2) A large amount of ethereum coins are staked in ethereum 2.0,so there is less supply of ethereum in market.
3) As the institutions are taking interest in cryptocurrency, at present ,after the bitcoin only ethereum coins have potential to be adopted worldwide as bitcoin.
4) So keeping these points in my mind, i think we can see ethereum crossing $2000 within few months..

No and I believe that the value is below what it should be and we can analyze the trajectory of Ethereum and its true value for society. With a deep analysis has streamlined and improved the project creation system by shortening the time to create a Blockchain and this process has positive and negative points.

Positive: Accelerated the market and the creation of projects.

Negative: Saturated the market and created laziness among developers.

Overall Ethereum revolutionized the world of Tokens.

In my opinion ethereum is over price now, it should be below $1000 as long as they can not fix transactions fees, with these madness transaction fees no retail investor will come to project which use ethereum.imagine if ethereum price reach $5k. How much we pay the fee for trading transaction on uniswap.

I agree with you but my prediction is even more bullish. I think Eth will even reach 2k pretty soon. If you pay close attention to economy you will see a lot of people invest in crypto cause of the current situation. Money is being printed more and more and that will bring the price of dollar and other fiats lower and lower so safe place to save investment is crypto. Expecially btc eth and othee top 10 cryptos.

currently eth price movements are quite active in the market but it looks like eth is still having trouble breaking the $1,300.93 price barrier and of course the current eth price is not the highest price ever because as far as I remember in 2018 eth actually reached that price of $1,423.20 and of course of course if eth is able to break the $1.3k price barrier it is unlikely that in the near future eth will be able to pass the all-time high price record, with eth price movements currently active it is of course still a good opportunity to buy and invest in short term systems.

On the contrary, I think even now the ethereum price is still too underestimated. It should be borne in mind that the high transaction fees in the ethereum network arose precisely because of the high demand for this coin and the popularity of its platform, while its scalability is still low. This issue should go away soon as it gets updated as part of the Ethereum 2.0 improvements. Taking into account the role that ethereum plays today in cryptocurrency, compared to Bitcoin, it should have a price of at least 3-5 thousand dollars.
This coin is increasing in value and with its expected renewal.

It is difficult to say where Ethereum will move in the short term. Everything will depend on the global market movement.
As for the long-term, it is obvious to me that the price of Ethereum is still far from its limits, because Ethereum 2.0 has not yet worked at full capacity.

you should compare it with the old ATH of ethereum and it's not so expensive as the old ATH because the old ATH is not yet reached dude.
A few days ago the price of ethereum down again to the 900 range and that means the possibility to buy ether at cheap price will always there.
ETH is not over priced at this moment.

Gonna be a tough one considering Ethereum is uncapped and the price could just stuck and go down overtime because the whole supply is like unlimited and considering how big market capitalization ETH gonna have if the total supply is so much you will lost count and is still uncapped. Bitcoin which only has 21 mln capped could become this big, ETH will require much more trading volume and liquidity and that for sure to reach $5000

The main point should be on the genuine idea created by the ethereum foundation. The smartcontract itself being used by so many new services started from the defi, lending and many more.
This is making the current price of ethereum is still undervalued. the community should be an additional aspect of why ethereum is still undervalued.
I think that this coin is not overvalued yet consider from various factors.

As they always say, "the sky is the limit". While theoretically Ethereum should have a lower price than Litecoin, the demand for ETH on the market is booming. People are quite fond with ETH than they are with LTC. As long as this is the case, ETH's prices will be a lot higher than LTC's. Things will be better for Ethereum if the team decides to adopt a monetary policy (just like Ethereum Classic did some time ago). This will ensure ETH remains scarce, mirroring Bitcoin in every way. Combining scarcity with smart contract functionality should bring the best of both worlds into the ETH ecosystem.

For now, let's focus on the next big upgrade (dubbed ETH 2.0) that will make Ethereum faster, cheaper, and stronger than ever. dApps should be able to benefit the most as fees reduce by a large margin. Whenever ETH's price will go higher after the upgrade or not, will completely depend on the level of demand on the market. At its current state, I'd say that ETH is overpriced. But everything could change as the ETH dev team adjusts the cryptocurrency's economic model. As far as Litecoin is concerned, I think that it's a great alternative to the Bitcoin blockchain. With a limited supply of 84 million coins, LTC's prices should be a lot higher than what they are right now. But the lack of mainstream adoption, explains it all. Since ETH has higher adoption than LTC, one would expect Ethereum to remain on top of Litecoin for a very long time. Just my opinion

https://t.me/Pro_Blockchain/11487
"Historical highs for Ethereum (#ETH) on different exchanges:

Binance — $1440.
Bitfinex — $1424.
Poloniex — $1424.
Bittrex — $1423.
Bitstamp — $1420.
Coinbase — $1420.
Gemini — $1420.
Kraken — $1595.
Huobi — $1422. "

I don't understand how ATH is calculated  

It is just in light of the fact that practically all coin in crypto market are utilizing Ethereum blockchain in addition to the trust of the individuals utilizing Ethereum. It will consistently follow the upswing of bitcoin on the grounds that it has a higher volume and the main altcoin in crypto market.

pretty simple answer
Since ethereum is a coin with a large community and the ethereum platform is mostly used by all projects in crypto, it's no wonder that ethereum is number two and gets a high jump as bitcoin continues to grow, ethereum still isn't that expensive at the moment, and it will continue to grow.