Quote from: bigcash2011 on January 19, 2021, 09:28:02 PM

Eth may sound overpriced considering the lows it made in march 2020 but to be realistic eth is not just another coin it is a powerhouse with an extended ecosystem and protocols so i think considering the fundamental and technicals it is not difficult to guess that there is madsive upside potential still available for Eth.

You do have a point there, mate. ETH is more than just a coin. It's a platform where decentralized applications are built. This means that ETH's use cases are not limited to finance. We could say Ethereum is much more versatile than Bitcoin in this regard. As dApps rely on ETH as "gas" to perform network operations, the demand of ETH is relative to its usage in the mainstream world. I've seen somewhere that ETH has a higher transaction activity than Bitcoin itself. The high prices on the market tells us that it's extremely demanded by individuals, investors, and traders alike. ETH would've had a higher price than Bitcoin if developers would've imposed a hard cap in the coin's supply. With a fixed number of ETH that will ever be mined, its price will only go higher for the foreseeable future.

At least, the ETH blockchain works as intended by providing a decentralized "World Computer" for the masses. It may be expensive and slow to use at times, but it's still better than Bitcoin. We cannot compare Ethereum with Litecoin directly as they're completely different things. Litecoin is built only for finance, while Ethereum does that and a lot more. Ultimately, the market will decide Ethereum's price as mainstream adoption grows. Whenever it's overpriced or not, that's up to the investor to decide. For now, let's focus on ETH's utility to make the world a better place. Just my thoughts Grin