Is ETH overpriced? - page 9. | Bitcointalksearch.org

ice18

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Quote from: bryant.coleman on January 04, 2021, 02:22:41 AM

ETH prices have jumped like 40% today, and sadly I have to say that this spike is not going to last for too long. Many of the altcoin fanboys are jumping with joy, claiming that the altcoin season has started. I beg to differ. Whatever pump you are witnessing now, is not going to last for long. The reason is very simple. Altcoins are already overpriced, and very few of them have any real life usage.

I dont think its overpriced the ATH is at $1400 according to CG and its not even surpass at the moment you really did not understand how big this bull market today compared of that 2017 and alt season not yet starting its about to explode very soon.. and institutional investors are entering crypto this is the difference between the last bull I dont how many of them but huge money will enter the crypto market and its already starting I think $1k price of eth is really cheap for now.cheers Wink

bryant.coleman

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ETH prices have jumped like 40% today, and sadly I have to say that this spike is not going to last for too long. Many of the altcoin fanboys are jumping with joy, claiming that the altcoin season has started. I beg to differ. Whatever pump you are witnessing now, is not going to last for long. The reason is very simple. Altcoins are already overpriced, and very few of them have any real life usage.

Rahman11

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Ethereum passed $1000 today.
Its performance could be the result of a recent upsurge of interest in Bitcoin, leaving investors searching for the best altcoin.
XRPs recent collapse after a lawsuit by the US Securities and Exchange Commission may signal tougher times ahead for a coin whose market is already in the gutter.
Ethereum is most usable coin after bitcoin.

nomenclatur

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ETH still has a fairly low price until now, ethereum should have been much higher in price. Defi hype is still very good however trading on Uniswap until now the better the daily volume has increased greatly on the dex exchange and it's really crazy they spend eth with very expensive fees makes trades much higher investors continue to rise and makes Ethereum transactions even higher.

takngantuk

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ethereum is one of the coins with the largest real usage. and possibly the best utility coin in history. if ethereum had the max count, wouldn't this be a problem later on. imagine if there is a shortage, and what about the GAS fee. this will be very expensive, and may create new problems. and for me the current price is not that expensive. in 2017, ethereum prices were above 1k. and now it hasn't returned to that price.

maxreish

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It isn't overprice. As you can see there are lots of potential use in crypto market. The price of ethereum is reasonable enough because of the recent defi projects, it's smart contracts also one of the objective of eth that always been used in the crypto industry.

There is a remains strong since last year, there are other's prediction that eth may break out against bitcoin but then again who knows? Since ethereums showed massive potential growth and exponential progress from the past months, the price of it is still worth the value.

pixie85

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It used to be overpriced in 2018 but so was BCH and many other coins. ETH doesn't even compare to shitcoins who really were overpumped at that time like Lisk or GAME.

If you ask mm, it's not overpriced right now. If we look at the whole market ETH actually has some utility and it has a lot of cons based on its contract that wouldn't exist without it.

You look at its price and think it's too high compared to some other cheap coins, but many of those coins are not used at all and don't have any purpose but to be used for trading and despite that they are still worth something.

eucalyptus

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We are waiting for another all-time high and that's why we don't think Ethereum is overpriced. I believe that in 2021 we will see a new ATH. The Ethereum team keeps doing a good job. They work very well and we know that many other altcoins are using their smart-contract idea. We know that there are many ERC-20 tokens. And people use the Ethereum blockchain.

Argoo

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I don't think ethereum is overpriced. On the contrary, this coin is still very underestimated. When Bitcoin climbed to $ 20,000 in 2017. ethereum hit $ 1400. Ethereum is currently being updated and this should have a positive effect on its price over time. Today alone, the ethereum price has risen 17 percent and has already exceeded $ 900. Hopefully this month we will see an ethereum price of over one thousand dollars.

libert19

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You can't compare ltc and eth, litecoin has nothing except mode of payment, there are bunch others which do the same. Eth is backbone of defi and bunch other tokens which has usecase.

poodle63

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Considering that so many projects running on their blockchain and it's increases like crazy including the defi and stablecoins craze despite no hard cap established still kinda makes sense tbh. People uses ETH for various things.
Its price valued not by its cap but by how frequent its uses by people and that's exactly what altcoins should be for.

91254vvpatel

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jaimini patel

I don't think so. ETH has that power. That can still go a long way. Its consumption is also very high. And this is not a high level. It is also very POPULAR. There are many COINs that are ETH BASED. So it is not appropriate to call ETH OVERPRICED in this situation.

create_crypto

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Quote from: FaucetKING on January 02, 2021, 04:20:17 PM

Ethereum is not overpriced, it should be valued at more than 1000$ per coin because it is really a highly valuable Blockchain that is being used by thousands of humans. It's underrated for sure.

Also Ethereum was more than 1000$ at the time, when it have multiple time less usage, and bitcoin was at 40% less than this days.

Huge part of coins on coinmarketcap, based as smart-contracts on Ethereum aswell.

btcltcdigger

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To boldly go where no rabbit has gone before...

No.

Let me quickly quote one of my aquaintances on TG:

"In June 2017 eth marketcap was 12x10^6 Btc, calculating with today's bitcoin price (not even adjusted for the change in btc numbers) this gives an eth estimate above 3000"

So i think we're about to see a new ATH

jacafbiz

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I think it is unfair to Ethereum to say it is unfair, most of the innovations in the space is done on Ethereum, look at the transaction fees on Ethereum, look at the top 100 on CMC have of the projects are listed on Ethereum, I believe Ethereum will hit ATH soon when this Bitcoin run correct

lionheart78

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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 am surprise you are still wondering why ETH is more expensive than Litecoin. Isn't it established that the market is dictated by supply and demand? And your question had been answered by your 1st paragraph. Due to the community of ETH holding their token, the token in circulation is greatly reduced thus creating a scenario of "scarcity" in the market, making the price goes up.

FaucetKING

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C U

Ethereum is not overpriced, it should be valued at more than 1000$ per coin because it is really a highly valuable Blockchain that is being used by thousands of humans. It's underrated for sure.

Smitty Werben Man Jensen

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COMBONetwork

When compared to Litecoin which only has a max supply of 84 million, Litecoin is far less than Ethereum which has a supply of 114 million,
of course, if compared to that the Ethereum price is overpriced because Ethereum's fundamentals are better than Litecoin,
if we compare it with just one view, then that is a mistake, Ethereum has many ecosystems on its platform,
of course this makes the demand from Ethereum even higher.

jostorres

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Quote from: Coyster on January 02, 2021, 09:24:13 AM

The pros of the ethereum network outweighs the cons, and eth have developed a sustainable system for the long term, you could mention other coins as you did with Litecoin that are prolly doing well, or you feel should be doing better than eth, but generally what ethereum offers in the altcoin network is quite much, plus the use cases attracts investors in their numbers, that's why eth has a large community of investors and why the price is higher than other alts and it'll continue to appreciate the more.

Having said that, come to think of it, how many times have there been a so called 'eth killer coin', ever wonder why at the end, it's the coin that ends of being the deadcoin and not ethereum, it's cause it's actually not 'overpriced'.

ETH has just one problem that you are forgetting, it is "wanted" for many things, but all those things require you to use that ETH, meaning ETH will be bought and used so the price will go up, but so will the ethereum transaction fee as well, which sometimes makes things not worthy when you are a small time investor.

Definitely if you are investing 1700 dollars on some project, eth charging 5 bucks may not be a big deal, but when you get something free, and it worths 1 dollars, you can't even sell that because selling it costs like 3 dollars, so if you sold something you got for free, you are still down some money. Hence, I believe the reason why ethereum is so popular also causes it to not grow bigger at the same time, I know it is a bit confusing but that looks to be the case right now and that is about it. We need cheaper transactions without a doubt.

zasad@

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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

Ethereum will have a deflationary pattern or inflation will be minimal. Now a lot of coins are mined by miners, but this will last no more than 2 years (as Vitalik promised us)
Ethereum will soon be burned after the EIP-1559 update.
https://twitter.com/econoar/status/1340890862662782976

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