Ethereum’s True Value? Lower Than You Think
The post Ethereum’s True Value? Lower Than You Think appeared on BitcoinEthereumNews.com.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin maximalist Samson Mow has doubled up on his value criticism of Ethereum’s price, asserting ETH is still overvalued despite Bitcoin’s price almost quadrupling since 2022. The JAN3 CEO referred to the glaring disparity in performance between the two top cryptocurrencies over a near three-year span. Related Reading Price Gap Grows As Bitcoin Rises According to data, Ethereum now sits at $1,558, essentially the same as its August 2022 price of $1,600. Meanwhile, Bitcoin has climbed from $21,500 to $82,302 – an eye-popping 270% rise. The widening gap has only served to bolster Mow’s contention that Ethereum’s price does not correlate with its fundamentals. Mow re-tweeted his August 23, 2022 post this week to emphasize his steadfast stance. His criticism focuses on supply variations between the cryptocurrencies. Bitcoin has less than 21 million overall coins, while Ethereum boasts 122 million circulating tokens. #Ethereum is overvalued. 1 BTC = $21.5k1 ETH = $1.6k 21M BTC supply (actually less)122M ETH supply (72M premined) Adjusted for unit bias (ETH price at 21M units) one ETH would be $9.3k. So some people are paying $9.3k per unit of something that’s 60% printed from thin air. — Samson Mow (@Excellion) August 23, 2022 ‘60% Minted Out Of Thin Air’ Claim Targets Ethereum’s Origins Based on Mow’s quotations, about 72 million ETH tokens (approximately 60% of the supply) were premined at the time of Ethereum’s launch. Token creation before the start of public mining has…
Filed under: News - @ April 12, 2025 5:13 am