JPMorgan Strategist Estimates Ether's Fair Value at $1,500 Amid Competition From

[sirty143]

A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that Ethereum is not so unique anymore, and it is facing tough competition from other chains like Solana and Avalanche. See more for yourself here.

Your opinion is greatly appreciated.

[Alcor]

If we calculate the price of a cryptocurrency based on its uniqueness at the present time, then all other types, including bitcoin, should not have their current high price. After all, new types of cryptocurrencies copy those who are more successful. But this is not happening. For example, bitcoin cash, despite some innovations, has a much lower price compared to the original bitcoin. No, this rating is not suitable for cryptocurrency. Only supply and demand play a role here, and sometimes their results defy logic.