Is Ethereum Undervalued?
A report from the research company RxR suggests that ETH is trading at a 27% discount to its fair value. This assessment hinges on Metcalfe’s law which states that the network's value is proportional to the square of the number of its users.
The valuation of Ethereum is deeply connected to the activities on its network, including transactions, staking, and NFT storage. Yet, despite its varied applications, Ethereum's current market valuation may not be reflecting its true worth based on this principle.
