RATE Group | Ethereum (ETH) price up to 50% undervalued
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Ethereum (ETH) price up to 50% undervalued

27 May Ethereum (ETH) price up to 50% undervalued

Posted at 22:22h in Cryptocurrency News by

  • Based on four key figures, the German analysis company Blockfyre concludes that Ethereum (ETH) is “significantly undervalued.
  • Mythos Capital founder Ryan Sean Adams shared an analysis of Gas usage, according to which the ETH price is at least 50 percent too low.

The vast majority of altcoins are still far from reaching their all-time highs, which they reached during the 2017 bull run. While Bitcoin is only about 55 percent away from its all-time high of nearly $20,000, the altcoins are well behind. Even Ethereum (ETH) has not been spared this trend and is around 85 percent behind its all-time high of USD 1,448.

However, according to the research company Blockfyre, Ethereum (ETH) is “clearly undervalued”. Blockfyre yesterday published an analysis that assesses this based on four key indicators of the Ethereum ecosystem: developer activity, gas consumption, miner’s balances and the average age of investments. As the analysis company explains, the positive trend in all four…

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