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03 July 2020

Analysts: On-chain Data shows Ethereum is “Undervalued”

Analysts: On-chain Data shows Ethereum is “Undervalued”


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Analysts: On-chain Data shows Ethereum is "Undervalued".

The analysis revealed four key metrics; gas usage, developer activity, miner balances, and “average age” of invested dollars make a positive trend for Ethereum.

As noted via a series of tweets, BlockFyre said gas usage forms the “strongest” indication of Ethereum’s on-chain activity, with the factor making an “all-time high” on May 23.Gas is usedwhen users interact with the Ethereum network, with higher values meaning more users are accessing dApps, non-fungible tokens, or even using ETH to trade on decentralized exchanges like Compound or Khyber Network.

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

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