Ethereum Advocates Claim ETH Is "Severely Mispriced" as Institutional "Bullish Case" Drives Price Higher
According to ChainCatcher, The Block reports that leading Ethereum commentators have stated in a new report that ETH is “severely mispriced” as they attempt to pitch the asset to institutional investors.
Vivek Raman, one of the report’s 21 co-authors, suggested that ETH’s long-term price could be sustained at $740,000 per token. The report highlights Ethereum’s dominance in stablecoins and real-world assets, as well as architectural features such as its capped inflation rate and staking yields, which make it attractive.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Some users are unable to access ChatGPT, OpenAI says countermeasures have been taken
The probability of a 25 basis point rate cut by the Federal Reserve in December reaches 89.2%
The size of the US money market assets surpasses $8 trillion for the first time.
