Samson MOU: Ethereum is very overestimated

The General Director of Jan3, Samson MOW) said that the broadcast, in comparison with bitcoin, is now very overestimated and in the near future the price of the second capitalization of cryptocurrency may be deeply corrected.

Samson MOU reposted his old tweet about ETH, published in August 2022. At that time, the broadcast traded about $ 1600 for a coin. A few years later, the broadcast did not grow, but sank below this level. The MOU compared the air with bitcoin: in 2022, the BTC rate was $ 21,500, and today the BTC is held at a mark above $ 80,000.

MOU recalled that out of 122 million a total supply of broadcasts, 72 million coins were mined. According to the MOU, if the broadcast of the air was limited to 21 million coins, as in the case of bitcoin, then ETH would be estimated at $ 9200. MOU said that the price of a crypto acting is not justified by its offer, 60% of which was “printed from the air.”

Now ETH is at the mark just above $ 1500. Per day, the volume of trading was reduced by 38%, to $ 20.08 billion, and the market capitalization of the crypto acting is $ 187.3 billion.

Recently, this altcoin, along with other cryptocurrencies, survived a sharp fall against the background of a trade war between the United States. However, cryptocurrency markets began to gradually recover after President Donald Trump announced a 90-day pause in import duties with most countries. The exception was China for which trading duties are increased to 145%.

Recently, the U.S. Securities and Exchange Commission (SEC) approved the trading of options on spot exchange funds (ETF), tied to the air. Recently, Samson MOU suggested that highly over -estimated altcoins interfere with bitcoin. According to the expert, this is XRP and SOL. At the same time, he believes that the dominance of bitcoin should intensify.

Be in the know! Subscribe to Telegram.