Topic: What's the most overvalued crypto? (Read 1003 times)
I am not against WAVES, but I think it's slightly looking overvalued because people trust it just because its decentralized exchange allows users to trade tokens created by them. Still, I feel that it needs a lot to beat the current price and needs to progress further in order to maintain the level it is currently holding because there's not a lot we could find about them (may be an advantage but looks more scammy, still looking more to remain updated and keep up with them as well as their project's development). This is not a criticism but a suggestion for them to make the exchange a bit more transparent to let the volume increase.
BTC most overvalued now, I think Ethereum is actually extremely fairly priced at the moment, although a lot of that is based on potential and not proven returns.
In order for Ethereum to really grow further, I think it needs to produce solid concrete results. 2018 is going to be a big year where I hope some of these technologies start getting used more.
In order for Ethereum to really grow further, I think it needs to produce solid concrete results. 2018 is going to be a big year where I hope some of these technologies start getting used more.
In my opinion there are a few of these cryptos that look really good for a dump or say in other language most overvalued cryptos.
These are Ripple, Dash, IOTA, NEM and NEO. Ripple has continued an epic dump after an epic pump, and will likely continue to drop further in first week of October with a possible rebound later in the end of October. Ripple can come down to $0.05 or $0.10 in this month. Dash might drop in October and back under $200 and eventually under $10 in a year or few years because of the lack of end user adoption. IOTA may go up to $1.50 before it starts dropping in Sept with the Bitcoin price, so wait it for a crash in October. NEM seems to have a drop along with the Bitcoin price eventually to under $0.20. NEO just went through a huge spike which will lead to correction in October as the euphoria wears off.
This all above prediction is based on technical analysis.
These are Ripple, Dash, IOTA, NEM and NEO. Ripple has continued an epic dump after an epic pump, and will likely continue to drop further in first week of October with a possible rebound later in the end of October. Ripple can come down to $0.05 or $0.10 in this month. Dash might drop in October and back under $200 and eventually under $10 in a year or few years because of the lack of end user adoption. IOTA may go up to $1.50 before it starts dropping in Sept with the Bitcoin price, so wait it for a crash in October. NEM seems to have a drop along with the Bitcoin price eventually to under $0.20. NEO just went through a huge spike which will lead to correction in October as the euphoria wears off.
This all above prediction is based on technical analysis.
I think the high price has zcash for now, pH is not worth$ 300, its price is 150$ maximum, because this coin is just a clone of monero. IMHO
90% of all ICO projects - tokens are overvalued. Also a lot of "old" projects nobody uses are overvalued. I do not agree XRP is overvalued, because it has a real use in the banking money transfers. When DYOR always determine : idea, tech, real use product, community, development goals, mcap
Bitcoin, Ripple, Bitcoin Cash, Dash, EOS and Stellar Lumens are really overvalued atm. I do not mean by current price in $ though, I mean overvalued by their share of total crypto marketcap.
I would say around 90% of coins are overvalued, especially anything that claims it is using machine learning as most of these are scams. Some other ones that come to mind... namecoin, pepecash, peercoin, etc.
Bitcoin Cash by far. It has the same purpose as Bitcoin with a huge market cap, and no real-world use at all.
I guess people have read a lot of positive and useful information about most popular cryptocurrencies, but very rarely we see well reasoned criticism of them. What's the most overvalued crypto in your opinion and why?
I feel like it's ETH. The price of ETH has skyrocketed exponentially ever since its ICO and people are essentially getting hyped over absolutely nothing. I just don't feel like that ETH is going to be useful for anything but ICOs.
i think that short term ETH may still gain a good percentage or two in terms of price but in the next few years when the hype cools down i'd expect it to be at least down 50% from its current price, perhaps even more to around 0.03 BTC or less.
ETH
Wait until ICO's start to be banned all around the world and the scams start to collapse
Wait until ICO's start to be banned all around the world and the scams start to collapse
this year we had a big pumping season and that made majority of altcoins to go into bubbles. most of them had some news to increase the bubble size and have a bigger pump and some of them have already came down. but most are still in them.
ETH, DASH, XRP are good examples of these bubble coins which need to come down to low prices because theyare overvalued.
ETH, DASH, XRP are good examples of these bubble coins which need to come down to low prices because theyare overvalued.
Oh man, NEM for sure been around through all of that what the fuck is happening there. The only thing I can think of is that people think they are 'cheap' and have a lot of room to run. *terrible* market cap is huge and it offers nothing over more advanced platforms.
Iota, seems overvalued but I don't know enough about it to say. Just my impression. I'd also say just about all erc-20 tokens are over-valued and that will come crumbling down in the near future. Possibly just form the Etherium blockchain collapsing under its own weight. Undervalued, Bitcoin
I own some Tezos too but it's not really under or overvalued, its not anything yet.
Iota, seems overvalued but I don't know enough about it to say. Just my impression. I'd also say just about all erc-20 tokens are over-valued and that will come crumbling down in the near future. Possibly just form the Etherium blockchain collapsing under its own weight. Undervalued, Bitcoin
I own some Tezos too but it's not really under or overvalued, its not anything yet.
I am looking at Bitcoin Cash as really overvalued. Aside from huge miners that shifted from Bitcoin to Bitcoin Cash because the profit is much bigger on the latter, Bitcoin Cash is not at all used practically. NEO is another overvalued coin for me. The chinese market is huge and that is the main reason why NEO is getting high.
BCC, by far this is my opinion of most overvalued coin ever, i don't think it brings anything new to the table, it doesn't have a distinct feature, its just a lump that has fallen out of btc and it got valued over nothing.
I agree with this, if that coin did not had bitcoin on its name it will be worth nothing, people got blinded by the idea they were going to get free coins in a new chain that they decided to give value to those coins when in fact if an altcoin like that was created today it will not bring any enthusiasm at all, and people will quickly dismiss such a project as just another copycat project.
Definitely every joke coin out there
Hi guys, I am curious how did you compute over valued, or under valued crypto ? Do you follow any mathematical formula or is it just guts
Definitely just guts here, lol. There's no formula for yelling you whether a coin is overvalued or not- Unless you have your own formula for using their coinmarketcap and total supply and trading volume, maybe. Most of these calls are always going to be by opinion.
In my opinion, I think that Ethereum and Doge are overvalued. Doge is overhyped just for a meme coin and I don't understand the investment unless there's a base market for it that you're buying in to trade for. Ethereum still has slightly expensive transfer fees and the only thing I like about it is the platform for making new coins. Transfer times are good but Idk if that's enough to call it a great coin.
Most of the coins listed on Poloniex seem frankly to be quite overvalued. However, the are not alone. Iota seems to me one of the most overvalued. How did it become 2 billions $ in just a few months?
Hi guys, I am curious how did you compute over valued, or under valued crypto ? Do you follow any mathematical formula or is it just guts
I think Ethereum is a little overvalued. It is still largely being traded on speculation. But, I don't expect price to drop too much anytime soon though as it is a promising crypto with some real life applications starting to roll in
I think that ICO tokens are overvalued because as I see, there are many projects that do not even have a great product or a good roadmap but still listed on the top 100 crytpocurrency on the marketcap. it is a huge mistake since they are not deserved to have a big market cap at all
If we were exhaustive about all the coins that are overvalued I think we will end with a list containing almost all the cryptocurrencies in existence, most projects are not worth much but people keep investing in them for the possibility that they pump and it gives them great profits, only a handful of projects have any merit to them and those are the only ones worth investing. Jump to: