here is an interesting overview by twitter user @sassal0x, published on Nexo dispatch, regarding numbers in Ethereum network in 2017 and 2020, while in both cases ETH price was $500, snapshots are taken on November 29, 2017 and December 16, 2020
one can see from the list that:
- number of active addresses and transactions almost doubled in between
- total number of addresses is 10x up, 24-hour fees changed more than 10x
- development progress soared with over 2000 active developers and over 4 million downloads from Truffle
- DeFi assets changed perspective from millions to billions, stable-coins on ETH changed from non-existence to billions
and ETH2 is introduced with more than 1 billion USD locked-in
after all, price is the same, something is wrong, $500 was too much in 2017, or it is too little in 2020, it is up to anyone to judge for himself, do not take this as financial advice
These stats definitely signal that eth is massively undervalued and in my opinion 2k is fair value for eth and next peak price for the bull season or new all time high can be from 7k to 8k. Im eagerly waiting eth bulls to take full charge.one can see from the list that:
- number of active addresses and transactions almost doubled in between
- total number of addresses is 10x up, 24-hour fees changed more than 10x
- development progress soared with over 2000 active developers and over 4 million downloads from Truffle
- DeFi assets changed perspective from millions to billions, stable-coins on ETH changed from non-existence to billions
and ETH2 is introduced with more than 1 billion USD locked-in
after all, price is the same, something is wrong, $500 was too much in 2017, or it is too little in 2020, it is up to anyone to judge for himself, do not take this as financial advice