Is ETH overpriced?

[mirgo1791]

yes might be it is overpriced as compared with the level of possession of people as they lives in different country. for example the price of 1700 worth as equal to 10 mobile phone of android os that we have knowledge that in PRC of the place that they work on manufacturing the phone, 1 billion of their people lives without the possession of mobile phone.

[ahoenk]

As long as ETH gas fees is still high no retail investor will use it and it will make eth over price, especially there will be Flare network wich will launch in the end of q2, the competition for this niche will be hard. Ada, flare, bnb, fot is the good and safe network.

[Abiky]

ETH looks overpriced for me, given the outdated technology and issues in implementing ETH 2.0. ETH is the only altcoin having a market cap of above $50 billion. There is a huge gap between ETH (market cap of $203 billion) and the second ranked altcoin (Cardano, with a market cap of $40 billion). This gap is not justified, given the fact that Cardano is having a much more advanced technology when compared to ETH.

I think ETH's price is related to hype more than anything else. So many people are investing into ETH because of the "FOMO" sentiment. They don't care about other projects, even if those prove to be superior than ETH in every way. Cardano is a better alternative with innovative features at its core. The ADA blockchain has ultra low fees and blazing-fast transaction confirmation times. It's much more scalable than ETH by orders of magnitude with the tried-and-tested "Ouroboros" PoS consensus algorithm. At $1.40 per coin, I'd say that Cardano is quite a bargain.

Nonetheless, it's a crazy world we're living these days. Any cryptocurrency can become extremely valuable if it gains the attention of people in the mainstream world. Consider how Dogecoin went from being worth nothing to cents (in USD) since the beginning of 2021. While ETH is hovering between the $1.8k - $28k range, it could head back to its original prices once the "De-Fi" and NFT hype comes to an end. I doubt PoS will make ETH more valuable in the long run, unless developers solve the "inflation" issue. Current ETH inflation rates vs current prices tells us that ETH is extremely overpriced. Who knows what will happen with the value of ETH in the long term? Just my thoughts

[Bitstar_coin]

ETH looks overpriced for me, given the outdated technology and issues in implementing ETH 2.0. ETH is the only altcoin having a market cap of above $50 billion. There is a huge gap between ETH (market cap of $203 billion) and the second ranked altcoin (Cardano, with a market cap of $40 billion). This gap is not justified, given the fact that Cardano is having a much more advanced technology when compared to ETH.

I think ETH's price is related to hype more than anything else. So many people are investing into ETH because of the "FOMO" sentiment. They don't care about other projects, even if those prove to be superior than ETH in every way. Cardano is a better alternative with innovative features at its core. The ADA blockchain has ultra low fees and blazing-fast transaction confirmation times. It's much more scalable than ETH by orders of magnitude with the tried-and-tested "Ouroboros" PoS consensus algorithm. At $1.40 per coin, I'd say that Cardano is quite a bargain.

Nonetheless, it's a crazy world we're living these days. Any cryptocurrency can become extremely valuable if it gains the attention of people in the mainstream world. Consider how Dogecoin went from being worth nothing to cents (in USD) since the beginning of 2021. While ETH is hovering between the $1.8k - $28k range, it could head back to its original prices once the "De-Fi" and NFT hype comes to an end. I doubt PoS will make ETH more valuable in the long run, unless developers solve the "inflation" issue. Current ETH inflation rates vs current prices tells us that ETH is extremely overpriced. Who knows what will happen with the value of ETH in the long term? Just my thoughts

You are very correct, I am also of the opinion that eth is overpriced and most of investors are just fomo-ing on eth because that's what majority of people will suggest when they will ask for a project to invest in,
A coin with infinity supply cost this much with all the network lapses and congestion that are yet to be resolved,
Then again isn't the who crypto in the market overpriced including our good old btc  

[roosbit]

Overpriced I do not think so!
With hundreds of coins being housed on the ethereum blockchain it's expected that these will give ethereum the demand of the coin and result in an increase of its price.
So AFAIK the current prices are a reflection of how much we are willing to spend.

[Review Master]

As long as ETH gas fees is still high no retail investor will use it and it will make eth over price, especially there will be Flare network wich will launch in the end of q2, the competition for this niche will be hard. Ada, flare, bnb, fot is the good and safe network.

Upcoming hardfork of EIP 1559 will change this current gas fee situation as it'll incrase the block size and a base fee which will be burned forever from ethereum network along with "Miner tip" option which will be used by those who want to pay higher fees to make fast transections. Hopefully, all other networks will do other new development along with lower transection fee to make a race with ethereum as current problem of high gas fee isn't permanent. As a result, ethereum isn't overpriced yet, IMHO.

[kopijos]

take a deeper look at the power of ethereum, all crypto networks use ethereum mostly. and ethereum are bigger fans than you mention. ethereum prices have been good since last 2017. it's just that the market collapses and in 2021 the price has increased again. So I think this is a fair limit for ethereum and not overpriced, this is the price ethereum should have.

[guydin]

Ethereum may have temporarily lost its retail investors, but has the network been hit hard by this? If the commission is still so high, then Ethereum is popular and is not losing ground. In my opinion, ETH is quite enough of the investment that the network is currently receiving.

To be honest, I see no reason to endlessly discuss problems with Ethereum, our discussions will not change the situation. Therefore, I will wait for updates, and then make a decision to use ETH or switch to BSC.

[Fivestar4everMVP]

Well, on a general note, I don't think Ethereum is over valued, but then, am really surprised that i am just getting to know that Ethereum has an infinite supply which really baffles me, I mean like seriously, since 2016 I got into crypto, am just getting to know this, this simply means that in the long run, the price of Ethereum will either be stagnant or go down when more coins are finally minted, but I believe that vitalik and he's team of developers will not allow this happen.

[iv4n]

Ethereum may have temporarily lost its retail investors, but has the network been hit hard by this? If the commission is still so high, then Ethereum is popular and is not losing ground. In my opinion, ETH is quite enough of the investment that the network is currently receiving.

To be honest, I see no reason to endlessly discuss problems with Ethereum, our discussions will not change the situation. Therefore, I will wait for updates, and then make a decision to use ETH or switch to BSC.

You have a point, Ethereum is still being used a lot, and judging by that Ethereum is not losing ground! But, many people are switching to BNB and TRX already, and I must say I am one of them... I didn't quit on ETH, but I am not using it until all craziness around the fees doesn't pass! And as I said, if that doesn't happen Ethereum will be in the problem, simply because there are projects that can deliver more in any way!
In the end, I agree that we need to wait for updates before we make any big decisions, but I guess each of us has some predictions about this matter! My advice is to learn about other projects, that can be beneficial for the future!

[Hasan986]

At the moment I think Ether should be above 3000$+. Ether is not overpriced. When BTC was 20 thousand, ether was 1200. BTC now has 60,000$, Ehers then there should be at least 3000-4000$.

[Abiky]

Upcoming hardfork of EIP 1559 will change this current gas fee situation as it'll incrase the block size and a base fee which will be burned forever from ethereum network along with "Miner tip" option which will be used by those who want to pay higher fees to make fast transections. Hopefully, all other networks will do other new development along with lower transection fee to make a race with ethereum as current problem of high gas fee isn't permanent. As a result, ethereum isn't overpriced yet, IMHO.

We'll see. Developers are going to have to "fix" the unlimited supply issue if they want ETH to become a store of value. I don't think ETH will go higher in price because of its current inflationary model. I'd say ETH is overpriced simply because there's no hard cap in supply for the cryptocurrency. Even DOGE is overpriced with an insane number of coins in circulation. In this wild and crazy world of crypto, anything can be expected.

Nonetheless, time will tell us ETH's true value according to the cryptocurrency's level of adoption in the mainstream world. So far, it's the best smart contract platform in the world with a proven track record of development and innovation. Whenever ETH will reach higher prices in the future or not, that's up to the people to decide. Everything is based on hype and "FOMO" these days, so there's a possibility ETH will reach prices higher than $2k in the following months. What matters is that fees stay low so people will be able to participate in the decentralized economy. ETH's high fees coupled with current prices on the market, makes day-to-day payments unfeasible. At least, there's hope fees will decline in the future with the unveiling of ETH 2.0. Just my thoughts