Ethereum Still a Long Way From ‘Fundamental Value’ of $0, Says Analyst

Ethereum Still a Long Way From ‘Fundamental Value’ of $0, Says Analyst
фото показано с : beincrypto.com

2019-12-1 00:18

Anti-crypto campaigner and perennial Bitcoin basher, Nouriel Roubini, is at it again. But this time around, he’s after Ethereum (ETH). According to a tweet by “Dr. Doom,” Ethereum is still a long way from its “fundamental value” of $0. Just like his previous criticism on Bitcoin, Roubini is certain that in the long run, ETH will hit a $0 price mark.

For some time now, Dr. Doom has been bashing cryptocurrency with his skepticism of several financial markets, including bitcoin.

Dr. Doom and Ethereum

It seems that Roubini’s (@Nouriel) hate has now extended to Ethereum. ETH is already down 90% from its $1,400 peak and is on a free fall looking to close on its 2018 low. As a result, Dr. Doom believes that ETH is in a lousy position but still remains miles from $0, which is its fundamental value.

Crypto-Apocalypse: Ethereum down 90% from the peak, in free fall and now close to the 2018 low. Still a long way from zero that is its fundamental value. Actually it is worth negative given all the toxic externalities of energy waste and pollution that its mining generates

— Nouriel Roubini (@Nouriel) November 27, 2019

He went on claiming that the value of Ethereum may eventually go negative given the toxic externalities of the energy waste alongside the pollution that’s generated from ETH mining.

Talking about Bitcoin, Roubini stated that BTC has only but given rise to a new criminal industry that comprises paid propagandists, an army of scammers, and unregulated offshore exchanges.

Is There Any Truth?

In contrast to Dr. Doom’s claims, Ethereum’s price may not be showing much promise, but the project itself has. Recently, Ethereum received robust fundamental network developments. For instance, a Spanish bank, Banco Santander, issued the first end-to-end blockchain bond transaction earlier this year using Ethereum.

Furthermore, the long-awaited Istanbul hard fork is fast approaching on December 4th that will introduce six significant code changes to the blockchain.

Also, earlier this month, fortune revealed that an Ethereum-based decentralized finance platform, that allows users to lend out as well as borrow assets such as USD Coin, ETH, and Basic Attention Token, secured $25 million.

Consequently, everything still points out to the fact that, as much as Ethereum is in a fragile position, things on the ground are positive as its adoption keeps growing steadily.

Images are courtesy of Shutterstock, Twitter.

The post Ethereum Still a Long Way From ‘Fundamental Value’ of $0, Says Analyst appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2436.25 (-0.09%)
Объем 24H $17.876b
Изменеия 24h: -1.47 %, 7d: -7.15 %
Cегодня L: $2366.56 - H: $2443.23
Капитализация $293.365b Rank 2
Цена в час новости $ 173.25 (1306.2%)

ethereum long value fundamental way still eth

ethereum long → Результатов: 126


Фото:

How Long Does it Take to Send Ethereum?

It depends on several factors. This article will outline how long Ethereum transactions take; we will look at a few different examples and outline what factors affect the transfer time. How Long Does it Take to Transfer Ethereum from One Wallet to Another? Wallet to wallet transfer times can vary depending on if you’re using […] The post How Long Does it Take to Send Ethereum? appeared first on CaptainAltcoin.

2021-5-12 14:46


Нуриэль Рубини: фундаментальная стоимость Ethereum равна нулю

Известный критик биткоина экономист Нуриэль Рубини заявил, что на рынке сейчас происходит «крипторезня», а фундаментальная стоимость Ethereum на самом деле равна нулю. Crypto-Apocalypse: Ethereum down 90% from the peak, in free fall and now close to the 2018 low.

2019-11-28 09:55


Ethereum's Buterin: PoW algorithms offering medium-level ASIC resistance can be created

"I believe that PoW algorithms that provide a medium level of ASIC resistance can be created, but such resistance is limited-term and both ASIC and non-ASIC PoW have disadvantages; in the long term thThe post Ethereum's Buterin: PoW algorithms offering medium-level ASIC resistance can be created appeared first on AMBCrypto.

2019-11-25 23:30


Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery?

Year-to-date, the price of Ethereum is down slightly from $155 to $148 and has been noticeably struggling to recover to 2018 levels. As said by Adaptive Fund partner Willy Woo, on-chain fundamentals determine the long term trend of a cryptocurrency like Bitcoin and short term price movements are primarily dictated by margin trading platforms such […] The post Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery? appeared first on CryptoSlate.

2019-11-24 17:55


Фото:

Gods Unchained Records Higher Usage than CryptoKitties, Ethereum Network Remains Unclogged

It wasn’t too long ago that CryptoKitties fever went overboard and crashed the entire Ethereum network with an unfathomable number of transactions. In a recent Twitter thread, Coin Metrics explains how Gods Unchained, a digital card trading game, has surpassed CryptoKitties in transaction volume without being a burden on the network, November 20, 2019.

2019-11-20 14:00


Prominent analyst says only the top 40 cryptos are liquid 

Crypto analyst Willy Woo said that very few coins are good investments, as data from CoinMarketCap has shown that only the top 40 out of the 4987 listed coins are liquid. Part of the crypto community remained skeptical, saying that few coins have been around long enough to be able to compete with Bitcoin, Ethereum, […] The post Prominent analyst says only the top 40 cryptos are liquid  appeared first on CryptoSlate.

2019-11-13 16:59


NYC Crypto Brokerage Firm, Tagomi, To Make It Easier to Short Bitcoin (BTC) And Ethereum (ETH)

Tagomi, a crypto brokerage and platform based in New York makes it easier for its users to borrow or lend Ether or Bitcoin to facilitate short and long term trades. A report published by Bloomberg on September 12th, 2019 stated that the exchange was committed to making shorting easier by providing real-time access to many […]

2019-9-13 19:29


Фото:

Crypto Tidbits: PWC Branch Accepts Bitcoin, Ethereum Istanbul Pushed, Apple Talks Cryptocurrency

Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360. io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward.

2019-9-8 00:00


MARKET Protocol brings leveraged long (LBTC) & short (SBTC) bitcoin to DDEX

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceMARKET Protocol, an open-source platform powering decentralized derivatives trading and exchanges on the Ethereum blockchain, today announced a partnership with decentralized crypto exchange DDEX to bring leveraged long (LBTC) and short (SBTC) bitcoin assets to traders starting this Friday, July 19th.

2019-7-17 20:52