фото показано с : blokt.com

Ether, the world’s second largest cryptocurrency in terms of market cap, took a big hit during the recent market correction. While most tokens fell with the exception of DOGE, Ether was among those worst affected as the coin fell to its lowest point thus far in 2018. Naturally, some investors are a bit hesitant and undecided if it’s worth buying the token at this point, considering that it’s currently trading at a very low price range.

ETH is one of the hardest hit cryptos in the recent market downturn. In fact, the token set a new low for this year on Sept. 12, when it traded near $170.

That price is a far cry from its all-time high back in January this year, when the token traded at $1,400, according to Forbes. From that point, ETH has lost almost 90 percent of its value, which has raised concerns about where its price could be heading next.

While Ethers price has improved in the last few days and is now trading at $214 as of this writing, the price still falls short of previous predictions. Back in January, Andrew Keys, co-founder of ConsenSys Capital, predicted that Ether would overtake Bitcoin and will reach $2,000 by year-end.

With the token’s sharp decline, investors are naturally wondering if it might be the perfect time to buy Ether. A few analysts shared their opinions on the matter, and most say that it’s actually a great buy because they consider ETH at this point to be undervalued.

Joe DiPasquale, who is the CEO of cryptocurrency fund of hedge funds BitBull Capital, is one of those optimistic about Ether and told Forbes:

“Crypto assets in general, including Ethereum, are undervalued at this stage. The Ethereum network has some of the best development talent and community support, so buying it for medium to long-term holds would make sense.”

It’s not only Di Pasquale who believes that ETH is currently undervalued. Known crypto traders such as eToro’s UK managing director Iqbal Gandham and Blockforce Capital CEO Eric Ervin also share the same sentiments.

Meanwhile, Jacob Eliosoff says that ETH has great potential both as a decentralized application platform and as a digital currency. However, he considers himself “cautiously optimistic” because adoption might take longer than expected.

Ether Falls 87% From 2018’s All-Time High, But Some Traders Remain Optimistic Saying Token’s Undervalued was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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