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RE: According to Metcalfe's law, Ethereum is under valued while Bitcoin is in a bubble
Vitalik Buterin had a nice application of Metcalfe's Law a few months ago when he tried to think about the effect of Bitcoin Cash on the Bitcoin price. Note that this was before the August 1 Bitcoin Cash fork:
http://vitalik.ca/general/2017/07/27/metcalfe.html
As you know, the fork ended up being a 'free lunch' at least within the first few days because bitcoin price rose.
Bitcoin accounts got Bitcoin cash but not all Bitcoin users had accounts which got Bitcoin Cash. Coinbase users for instance.
Not yet, that is.