Is ETH overpriced?

[btcltcdigger]

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

[create_crypto]

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.

[91254vvpatel]

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.

[poodle63]

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.

[libert19]

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.

[Argoo]

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.

[eucalyptus]

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.

[pixie85]

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.
 

[maxreish]

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.

[takngantuk]

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.

[nomenclatur]

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.

[Rahman11]

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.

[bryant.coleman]

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.

[ice18]

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

[gurunanakji777]

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.

[acener]

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.

[inanilujimi]

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.

[leea-1334]

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?

[Viscore]

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.

[ethereumhunter]

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.