CNBC Video Recap on Ethereum and Bitcoin – Which coin is the most undervalued?
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In this video, Brian Kelly suggests the most undervalued coin right now in his opinion. This video came out at the end of March and the total discussed have fallen even a little lower that referenced in this video.
The video opens with a segment on Bitcoin and where he sees the market heading, which is eventually, back into a bear market. Kelly feels the current value for Bitcoin should be around $7385, making it slightly undervalued.
Ethereum is the next topic discussed and Kelly again runs through the price valuation from May until now. Ethereum was highly undervalued at the end of May and like all coins became massively overvalued in December. Kelly believes that Ethereum has far more upside than Bitcoin currently and is fair value at $485.
Kelly further explains that the $400 resistance line Ethereum held for much of 2017 has now become the support line after the large run-up. Ethereum currently sits a bit under this line a recommends a buy for Ethereum.
I have technical support, an undervalued asset, if there is a crypto I want to buy right now it’s Ethereum – Brian Kelly, Fastmoney CNBC