Topic: Is ETH overpriced? - page 8. (Read 2170 times)

Litecoin blockchain only stores data about payments, so  users tend to experience  delays  when  making   transactions. However,
it would be slower than Ethereum if no blockchain was widely used that day. It actually makes sense to use Litecoin for payments,
since Ethereum is used to develop  potentially  world-changing  applications. So  ethereum  developers are  always experimenting
with good ideas. And that creates a stronger price.

I dont think its overpriced just take a look at the price of YFI and Bitcoin price. As long as Bitcoin goes up, ETH and other crypto will go up too. If Bitcoin is about to crash its price then that is the only time to sell the alts.

Anything above $1k is high for ETH. Prices need to remain low for people to be able to interact with smart contracts on a daily basis. Imagine paying a fee of $100 every time you use a decentralized application. It's the reason why ETH developers didn't establish a max supply in the first place. The intention was to make ETH an inflationary coin that would remain cheap for smart contracts. It's not meant to be a store of value like Bitcoin. Unfortunately, the high demand is what's keeping ETH's price on its ATHs. We could say that ETH is overpriced by comparing it with other coins that have a limited supply such as Litecoin and DASH. That's largely because ETH doesn't have a fixed supply. In other words, its supply will grow indefinitely for the foreseeable future. Both Litecoin and DASH should've been worth thousands of dollars, while ETH should've been worth double digits in price.

Nonetheless, crypto behaves in many strange and bizarre ways. I've seen many worthless coins being worth hundreds of dollars in an instant. On the other hand, I've seen many valuable coins go all the way down the drain due to lack of interest from people in the mainstream world. Everything will depend on mainstream adoption above all else. The high prices explains ETH's popularity relative to other cryptocurrencies on the market. It's the second-most-popular cryptocurrency in the world behind Bitcoin. As long as this is the case, prices will go up regardless of ETH's current circulating supply. Just my opinion

We are seeing the same old scams under a new name and the maturity of the market will be determined if they can sustain that in the next five years. I am not aware of ten ICO projects that are still sustaining and the amount of money raised are wasted and the developers made all the money and we will see how long the DeFi market will last. There are several changes in ETH 2.0 and only time will tell whether it can sustain the promises they are making this time.

Ethereum is the second coin after BTCtoday, and why are you surprised? People buy ETH than they themselves increase the demand and, accordingly, the cost. The ETH and BTC charts are very similar. My opinion those who want to really earn money and understand the cryptocurrency are divided into two camps fans of Bitcoin and Ethereum.

indeed, the price of ethereum is not overpriced, even its still low buddy, because i believe in the near time ethereum price will grow and touch more than $2000  my friend
regards

this is not how likely Ethereum will jump even faster, this proves that Ethereum is the strongest coin after Bitcoin

That's great news for those who hold ethereum, I don't hold ethereum so the rise doesn't have any impact on me,
I think Ethereum has gone up too high, no matter the price of Ethereum will go up again or not, the price of 1k USD is the most expensive price in my opinion.

This is good news. If the "EIP" becomes adopted by the majority of ETH miners, then Ethereum will be able to become as good as any store of value (like Bitcoin or Gold). This is what we need in order to maintain ETH's price levels at their ATHs. Inflation does no good towards the long-term price of a currency. A deflationary model will only ensure prices go up all the way to the moon. Imagine ETH hitting $5k for the first time. It would make many early adopters insanely rich. Of course, I'm being optimistic here. But with ETH's ever-increasing usage and popularity, this could become a reality faster than you could ever imagine.

Whenever ETH is overpriced or not, will greatly depend on many factors such as supply, demand, and mainstream adoption. So far, ETH has high demand and mainstream adoption. But its supply is undefined. Until the network adopts the aforementioned "EIP", ETH will only be used as "digital cash" instead of a store of value. Just my opinion

I don't think you can compare Ethereum with litecoin,, Ethereum has many uses even Altcoin do Ethereum-based smart contracts they also hold on to the price of Ethereum.
This is a positive trend effect of rising bitcoin prices because Ethereum is the second favorite coin after bitcoin.
I hope with this trend long-lasting can boost the price of altcoins based on Ethereum,, after 2017 I think it's time for the highest achievement of Ethereum.

Nothing definite can be said about this. Ethereum was previously priced at $ 1,500, was it overvalued then? Then it dropped to $ 100. Was he underestimated then?
All these are rhetorical questions because the price is formed due to supply and demand and due to the movement of bitcoin.

I agree with you, ETH is definitely the most asked for alt coin in 2020. Investors really like the coin, so saying that it is overpriced is wrong in my opinion. Ethereum and Bitcoins both have a good run at the moment. Even though prices are so high, I am not going to sell my coins. There is definitely room for improvements.

I think it should be clear by the Eth developers about these token supply issues, It was always a hot topic about Ethereum when it comes to its total supply,  By the way, it seems that Ethereum investors and users have no serious reaction to this accusation or topic. Today Ethereum price was hit $1164 but the worst thing is the monstrous gas fees are so annoying I feel I was rob every time I'm sending Ether.

I do not think that the price of Ethereum is overpriced because Ethereum is the most popular altcoin and the technologies and capabilities of Ethereum are the most popular and therefore the price of Ethereum can rise and rise, so at the moment the price of 1 Ethereum is only 950$, I believe that this is still very little.

Overpriced or not, ethereum price already increases and finally, the price can break $1k. That is good news to us because what we expect to the ethereum can happen today. But after reaching the new ATH this day, ethereum price back to the lower price but it still above $1k. But the price can significantly increase, so I think ethereum is not overpriced because the price can reach the next high price.

Actually we can't all agree if its overprice or not, ETH is an asset that is based on supply and demand, so there's no such thing as overprice. If we are a trader, we look at the value at a given period based on the current situation, so at this time, ETH just pumped which based on my research the reason is not enough to reach that value, therefore I would say it's currently overvalued now, even bitcoin, but here we are at the bullish period, so things would pump significantly, and maybe just wait until it will dip again.

I definitely feel ETH was overpriced during its run to the last ATH of around $1400. It was slow, it had only gambling dapps and scam ICOs, no real practical use.

Today it has slightly improved. ETH 2.0 is not here yet but there are Layer 2 solutions. ICOs are dead,,, yes replaced somehow by DeFi but those not to the ICO scale, and dapps are becoming more mature. Perhaps 1400 is not overvalued anymore?

If you look at history from 2018, the data is correct, but can the price of ETH be judged from history? certainly not.
which I understand almost all Defi or tokens that are hype currently running are based on the ETH blockchain, which makes it more valuable than now because the usage itself depends on ETH.

So how could we even say that some crypto is over priced?
We shouldn't really compare the supplies of other crypto just to say that they are over priced because if that is how you would determine it,
Then you could find more Alt-coin that would be over priced based on your statement.
Every alt-coin have their community and investor because of their product.
It just happen that ETH is useful for most of them that is why the price keeps on increasing even though it doesn't have a limit.

Ethereum is gaining as most of the projects in the market are ERC 20 base that's the main reason for bullish Ethereum. Most of the new coins top priority is only the Ethereum platform and this trust makes Ethereum different from Litecoin. Eth is not overpriced as of now. As you know previous Eth ATH is quite higher than the current price so I believe Eth will also make its ATH again in the current bull run like BTC.