Digital Currency Past Present Future - At $460, Ethereum is Still Undervalued

The price of Ether has almost doubled in the last 2 weeks. And just a few weeks following its latest hard fork, it has reached several ATHs as of this writing. But despite these new highs, Ethereum is still heavily undervalued. Here's why:

1.) The 2nd Runner Up

Ethereum has been consistently trailing bitcoin core as the #2 crypto in terms of capitalization since it's launch. Its price had been holding at around 10%-15% of bitcoin's before the bitcoin mania begun arising from the successive hard forks. At bitcoin's current price of $8,200, Ether should ideally be at $800 to $1,200 per coin.

Source: coinmarketcap.com

2.) Bitcoin is over 8 years old. Ethereum, only 2 years old.

Ethereum was initially launched in July 2015 while bitcoin on January 2009. 2 years after bitcoin's launch, it was trading at around $12 per coin. While I agree that we're not comparing apples to apples in this case but the fact that Ethereum gained so much momentum at a very young age tells a lot about its future potentials.

Source: bitinfocharts.com

3.) Speed, Scale and Smart Contracts

Speed, scale and ease of use are 3 features that each crypto should have to become the mainstream payment solutions replacing paypal, visa as well as replace the traditional banking institutions as the medium of storing value and cash transfers. With the Metropolis hard fork that took effect in October 2017 and the upcoming Serenity hard fork, Ethereum would be able to compete in all of these features against the likes of Visa and Paypal which presently process around 40,000 transactions per second. Currently, Ethereum can process a max of 15 transactions per second while bitcoin can do about 7 per second

An added and valuable feature of Ethereum is its smart contracts. While still at a very early stage, its disruptive power across almost every industry, from accounting to legal, purchasing, contracts, you name it, is grossly misunderstood and under-appreciated.

Price Rally

Historically, Ethereum’s price rallies resulted from these hard forks. After the launch of Homestead in March for example, Ethereum jumped by 150% from around $12 in mid-February to a new high of $30 end of March. Similar phenomenon is happening at the time of this writing driven by the Oct 2017 Metropolis hard fork.

See Also Previous Posts:

1.) Digital Currency Past Present Future - Ethereum Hard Forks
2.) Digital Currency Past Present Future - Bitcoin is on the RUN. Next Stop $8,500
3.) Awesome SITES with FREE online COURSES
4.) TIPS in FORMATTING and STYLING your POST on STEEMIT
5.) Digital Currency Past Present Future – Lessons from the Past
6.) 50+ SITES with FREE PHOTOS for your Steemit POSTS
7.) Digital Currency Past Present Future - Adoption Stage of Digital Currencies
8.) Digital Currency Past Present Future - Companies that Accept Bitcoin as Payment

Disclosure: I do not intend to provide investment advice through this article and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the article in the process of making a fully informed investment decision.

IF YOU LIKE THIS POST - UPVOTETHINK OTHERS WILL LIKE IT - RESTEEMSOMETHING TO ADD - COMMENTWANT TO SEE MORE - FOLLOW.