Critical Ethereum Report from 21 Sector Experts: Is There Still Hope for ETH?

It is facing a lot of criticism due to its weak performance against the largest altcoin Ethereum (ETH), Bitcoin (BTC) and still not being able to surpass its previous ATH.

Despite this, some analysts still maintain their bullish expectations for Ethereum, while industry experts published a comprehensive report about Ethereum.

The report was contributed by 21 significant names including Consensys Founder and Ethereum Co-Founder Joseph Lubin, Etherealize co-founders Vivek Raman, Danny Ryan, and Grant Hummer, as well as Ether.fi founder and CEO Mike Silagadze.

Accordingly, leading Ethereum supporters argued that ETH is significantly undervalued.

Leading Ethereum technology experts and key figures in the industry claimed in the report titled "Bull Case for ETH" that ETH is significantly undervalued and has the potential to reach $740,000 per token in the long term.

The report states that Ethereum is more than just a store of value, saying "ETH is the fuel, collateral, and reserve asset that powers the financial system of the future."

"ETH is the digital oil that powers the financial digital economy. And its price is significantly mispriced."

The report highlighted that ETH secured assets worth 767 billion dollars, stating that ETH should be positioned not only as a technology stock but also as a fundamental layer of the on-chain economy.

Vivek Raman, co-founder of the ETH think tank Etherealize, stated that it is correct to compare ETH with global reserve assets such as oil, bonds, or M2 money supply to more accurately reflect the potential of Ethereum.

Raman also added that the ultimate adoption of ETH could rival or even surpass the transformative impact of the internet.

"Ethereum is becoming an indispensable asset at the heart of a digitally native financial system.

Simply put, ETH is digital oil. When adopted, it will be as big as the internet, perhaps even bigger.

At this point, ETH being behind BTC is a mispricing, not a structural weakness.

They Focused on Bitcoin, Overlooked Ethereum!

Ethereum Co-Founder Joseph Lubin said the following by comparing Bitcoin and Ethereum:

"Institutional investors have focused so much on Bitcoin and its narrative as a store of value that they have overlooked an asset with much greater growth potential."

ETH not only shares the same store of value characteristics that made Bitcoin popular, but also offers a comprehensive utility, provides a more predictable scarcity, and delivers regular returns, which positions it as the ultimate productive reserve asset.

As Ethereum solidifies itself as the backbone of the digital economy, ETH is becoming increasingly indispensable.

*It is not investment advice.

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