Bitcoin And cryptocurrencyThe FED’s interest rate decision this week is of great importance. As well as the FED’s interest rate decision on the direction of cryptocurrencies, Fed chairman Jerome Powell‘s statements are also of great importance.
at this point BTC While the FED interest rate decision on cryptocurrencies is awaited, research firm RxR said that Ethereum is traded at a 27% discount compared to its real value.
According to Coindesk, RxR stated that it is trading at a 27% discount to the fair value of ETH according to the Metcalfe law valuation model.
At this point, the report written by RXR analyst Lewis Harland included the following statements:
“Ethereum is currently trading at a 27% discount to its intrinsic value according to the Metcalfe index.
Because the Metcalfe model, which was updated by blending the number of active users in Ethereum layer 2 networks and active users in layer 1 networks, determines the valuation of ETH as 275 billion dollars, assuming that there will be no further user increase permanently.
This reveals that ETH is at a 27% discount compared to its real value.”
Ethereum At the time of writing, it continues to be traded at $ 1,630.
*This is not investment advice.
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