Ten of the twelve metrics used by ETHval indicate that Ethereum is severely undervalued.
There are only two indicators that indicate that ETH’s fair value is lower than the current rate of $2,808:
- The ratio of the price of cryptocurrency to the revenue of validators (P/S Ratio);
- Growth of income for processing transactions in the digital asset blockchain (Revenue Yield).
All other models indicate that эфириум should be worth much more. Taking into account 12 metrics, it turns out that the fair price of ETH is $4,619, which is 64,4% higher than the cryptocurrency’s actual price.
Ethereum Metrics
One of the participants ICO ETH, which bought 40,000 coins for only $12,400 in 2015, also thinks эфириум undervalued. So instead of selling the digital assets on the exchange, he decided to send them to staking.
According to research firm Lookonchain, on November 30, a whale locked up all of its Ethereum holdings, worth $120 million, to earn passive income, which currently averages 2,84% per annum.
However, two other crypto whales still chose to get rid of ETH during the bearish trend and sold 28,000 Ethereums for $78,6 million at the end of November. These transactions brought them very high profits, because over the past 10 years kriptovalyuta has increased in price hundreds of times.