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Ethereum Is Overvalued: JP Morgan

With Ethereum hitting $4000 mark, expert opinions and reactions are pouring in. As it is, like always we have both critics and supporters of the world’s second biggest cryptocurrency with their mixed and varied opinions.

While the majority of analysts are bullish on Ethereum, analysts at JP Morgan have a different take. Commenting on the latest developments, the analysts have warned investors that at current standing, Ethereum is overvalued. However, contrary to what analysts at JP morgan have to say about ETH, experts at finance comparison website Finder believe that Ethereum will be touching the $20,000 mark by 2025. 

In terms of returns and price gain, Ethereum is outrunning the bitcoins. Despite rallying around the $60,000 mark once again, Bitcoin is trailing as Ethereum has reported a 100 percent increase in less than 30 days. 

NFTs And Defi To Push Ethereum Further

Experts are betting on sunny days for Ethereum. Defi and popularity of NFTs will simply accentuate the growth of the Ethereum Network. The world’s biggest smart contract services provider, the Ethereum Network is also undergoing major updates. A shift from the conventional PoW protocol to PoS protocol will make it highly efficient and will also led to the expansion of the evolving  crypto staking industry. 

Given the practical use cases, there have been opinions floating around suggesting Ethereum to be more solid in the long run than the Bitcoins.

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