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24 reasons $ETH is extraordinarily undervalued...
1. Smart Contracts
Smart contracts are programmable money. We can transact, schedule payments, earn interest, lend/borrow, & do much more with them
Txs are confirmed by a global network of computers on an immutable ledger, verifiable on-chain
The possibilities are endless.
Smart contracts are programmable money. We can transact, schedule payments, earn interest, lend/borrow, & do much more with them
Txs are confirmed by a global network of computers on an immutable ledger, verifiable on-chain
The possibilities are endless.
2. DeFi
What is built on $ETH is getting more complex & intuitive for users by the day, with a total of $80B locked in DeFi, up from $16B in January
$ETH market cap just surpassed the Bank of America, which is not even the largest bank in the US
With DeFi, we are our OWN banks
What is built on $ETH is getting more complex & intuitive for users by the day, with a total of $80B locked in DeFi, up from $16B in January
$ETH market cap just surpassed the Bank of America, which is not even the largest bank in the US
With DeFi, we are our OWN banks
3. Network Usage
-Unique addresses on $ETH has reached over 50M
-Total transactions on $ETH are reaching new all time high levels every day
-Average value transacted on $ETH is now consistently more than double that of $BTC
-PayPal settles $2.5B daily (market cap of $300B)
-Unique addresses on $ETH has reached over 50M
-Total transactions on $ETH are reaching new all time high levels every day
-Average value transacted on $ETH is now consistently more than double that of $BTC
-PayPal settles $2.5B daily (market cap of $300B)
4. Revenue
Miners are raking in fees from transactions on the blockchain, making even $BTC look little in comparison
In January of this year, $ETH miners earned a record $830M worth of fees
This is extremely attractive to both the efficiency and security of the network
Miners are raking in fees from transactions on the blockchain, making even $BTC look little in comparison
In January of this year, $ETH miners earned a record $830M worth of fees
This is extremely attractive to both the efficiency and security of the network
5. The “Triple-Halvening”
This concept refers to the upcoming equivalent of 3 halving events for $ETH, which will result in a 90% drop in sell pressure from miners
I’ll point to some tweets from @SquishChaos to explain this in further depth below:
This concept refers to the upcoming equivalent of 3 halving events for $ETH, which will result in a 90% drop in sell pressure from miners
I’ll point to some tweets from @SquishChaos to explain this in further depth below:
6. Developers
Whether you like it or not, no serious project is building (primarily) on a network like $BSC, $ETH has all of the attention in the space
A total of 94 out of the top 100 crypto projects are built on $ETH, with more than:
-3,000 dapps
-200K ERC20’s
Whether you like it or not, no serious project is building (primarily) on a network like $BSC, $ETH has all of the attention in the space
A total of 94 out of the top 100 crypto projects are built on $ETH, with more than:
-3,000 dapps
-200K ERC20’s
7. Yield Farming
Users on $ETH can take advantage of various protocols on the network to lend, borrow, or stake and earn interest on their holdings
Entire billion dollar protocols have been created for this purpose, & yield is significantly higher than other traditional sources
Users on $ETH can take advantage of various protocols on the network to lend, borrow, or stake and earn interest on their holdings
Entire billion dollar protocols have been created for this purpose, & yield is significantly higher than other traditional sources
8. DEX’s
The introduction of automated market makers such as $SUSHI and $UNI has made swapping tokens easier than ever before
DEX’s are now accounting for a total of $432B worth of trading volume on $ETH in the last 12 months
& there are over 2M addresses trading on them
The introduction of automated market makers such as $SUSHI and $UNI has made swapping tokens easier than ever before
DEX’s are now accounting for a total of $432B worth of trading volume on $ETH in the last 12 months
& there are over 2M addresses trading on them
9. Layer Two
Protocols are being built to help scale $ETH to institutional capabilities by handling txs off chain
Most notably Optimism, which is planned for main-net in a matter of days
These protocols claim to be able to bring $ETH to 1M txs per second (currently 15 tps)
Protocols are being built to help scale $ETH to institutional capabilities by handling txs off chain
Most notably Optimism, which is planned for main-net in a matter of days
These protocols claim to be able to bring $ETH to 1M txs per second (currently 15 tps)
10. EIP-1559 (July)
EIP-1559 is a proposal from Vitalik Buterin which introduces a massive change to the way gas fees work on $ETH
The model could actually prove $ETH to be a deflationary asset
Had it already been live, over 1M would have been burned just last year alone
EIP-1559 is a proposal from Vitalik Buterin which introduces a massive change to the way gas fees work on $ETH
The model could actually prove $ETH to be a deflationary asset
Had it already been live, over 1M would have been burned just last year alone
11. ETH 2.0
$ETH 2.0 refers to a major protocol upgrade which may just help to scale it to institutional levels
The upgrade introduces sharding, proof of stake, & other enhancements to the security of the network
With it, $ETH will become infinitely more scalable.
$ETH 2.0 refers to a major protocol upgrade which may just help to scale it to institutional levels
The upgrade introduces sharding, proof of stake, & other enhancements to the security of the network
With it, $ETH will become infinitely more scalable.
12. POS
$ETH will transition from the energy intensive proof of work consensus model to proof of stake this year
Users can then earn interest on their $ETH by staking it, becoming a node in the network
We are about to see a significant amount of $ETH taken out of the supply
$ETH will transition from the energy intensive proof of work consensus model to proof of stake this year
Users can then earn interest on their $ETH by staking it, becoming a node in the network
We are about to see a significant amount of $ETH taken out of the supply
13. Sharding
Sharding is a concept popular in computer science, which when implemented for $ETH, will essentially “split” the network into multiple shards, increasing its capability to store data
Furthermore it will allow many more users to become nodes than previously possible
Sharding is a concept popular in computer science, which when implemented for $ETH, will essentially “split” the network into multiple shards, increasing its capability to store data
Furthermore it will allow many more users to become nodes than previously possible
14. Stablecoins
Right now more than $80B worth of assets are represented in stable coins on $ETH
These stable coins make up over $100B worth of trading volume on the network
Additionally, VISA has recently announced that they will be accepting $USDC for transaction settlement
Right now more than $80B worth of assets are represented in stable coins on $ETH
These stable coins make up over $100B worth of trading volume on the network
Additionally, VISA has recently announced that they will be accepting $USDC for transaction settlement
15. CBDC’s
Digital Bank currencies are something I think we will begin to see a lot more commonly.
These tokens could include built in mechanisms like an auto tax system, rewards & incentives, or even geographically implemented economic policy.
(China & USA are working on one)
Digital Bank currencies are something I think we will begin to see a lot more commonly.
These tokens could include built in mechanisms like an auto tax system, rewards & incentives, or even geographically implemented economic policy.
(China & USA are working on one)
16. DAO’s
A decentralized autonomous organization is a group of individuals who have ownership over a given protocol
The individuals holding the most votes (represented in a token) governs the ultimate decisions of the group
Maker DAO is a popular example of this, worth $4.6B
A decentralized autonomous organization is a group of individuals who have ownership over a given protocol
The individuals holding the most votes (represented in a token) governs the ultimate decisions of the group
Maker DAO is a popular example of this, worth $4.6B
17. Inflation
With the rampant inflation of the USD in response to the coronavirus, people are looking for places to hedge
Right now you are quite literally losing money holding on to USD and not investing it
Silver + Gold, $BTC, and $ETH are the obvious hedges against this
With the rampant inflation of the USD in response to the coronavirus, people are looking for places to hedge
Right now you are quite literally losing money holding on to USD and not investing it
Silver + Gold, $BTC, and $ETH are the obvious hedges against this
18. ETF’s
Investors in the US are patiently awaiting the launch of $ETH and $BTC ETF’s, which would be game changing for the laymen’s access to crypto
Last week, the Ontario Securities Commission approved the launch of three ETFs offering investors direct exposure to $ETH
Investors in the US are patiently awaiting the launch of $ETH and $BTC ETF’s, which would be game changing for the laymen’s access to crypto
Last week, the Ontario Securities Commission approved the launch of three ETFs offering investors direct exposure to $ETH
19. Adoption
Contrary to the last run of crypto in 2017, we didn’t have the real world use that blockchain is now seeing today.
IOT, DID, and DLT’s will be massive.
VISA, PayPal, & Amazon are just a few high value examples of some top companies taking an interest in $ETH tech
Contrary to the last run of crypto in 2017, we didn’t have the real world use that blockchain is now seeing today.
IOT, DID, and DLT’s will be massive.
VISA, PayPal, & Amazon are just a few high value examples of some top companies taking an interest in $ETH tech
20. Universal Market Access
No matter who or where you are, nothing is restricting you access to a global network of any market to choose from.
DeFi includes everything from insurance, prediction markets, to the stock market
This is something few understand the implications of
No matter who or where you are, nothing is restricting you access to a global network of any market to choose from.
DeFi includes everything from insurance, prediction markets, to the stock market
This is something few understand the implications of
21. NFT’s
If we’ve learned anything from this cycle, it’s the fact that #NFT’s are here to stay.
NFT’s represent anything that can be stored digitally
Some of the worlds most influential individuals including Mark Cuban, Elon Musk, & Jack Dorsey have explored their use cases
If we’ve learned anything from this cycle, it’s the fact that #NFT’s are here to stay.
NFT’s represent anything that can be stored digitally
Some of the worlds most influential individuals including Mark Cuban, Elon Musk, & Jack Dorsey have explored their use cases
22. Synthetics
Utilizing oracles which relay off chain data to $ETH, people can trade “synthetics” that are pegged to the price of real world assets
This can consist of many markets including:
Precious Metals - $20T
Stock Market - $100T
Forex - $1.9Q (yes, Q)
& much more!
Utilizing oracles which relay off chain data to $ETH, people can trade “synthetics” that are pegged to the price of real world assets
This can consist of many markets including:
Precious Metals - $20T
Stock Market - $100T
Forex - $1.9Q (yes, Q)
& much more!
23. Tokenization
We are entering the true “digital age” with cashless tech, and soon businesses may begin using $ETH to issue digital assets
This is already becoming more present with things like Venmo, PayPal, & Apple Pay
After all, tokenization can fit many business models
We are entering the true “digital age” with cashless tech, and soon businesses may begin using $ETH to issue digital assets
This is already becoming more present with things like Venmo, PayPal, & Apple Pay
After all, tokenization can fit many business models
