TradFi individuals appear to like the stock-to-flow mannequin as a result of they’re acquainted with it and crypto is in any other case very onerous to worth correctly.
Nevertheless it is not clear in any respect if stock-to-flow could be utilized meaningfully to crypto. PlanB’s mannequin for Bitcoin failed.
So yeah, Ethereum is perhaps certainly undervalued however I doubt that the opinions of Bloomberg analysts or perma ETH bulls actually give us goal new perception right here.
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Bitcoin (BTC) $ 43,847.00 5.01%
Ethereum (ETH) $ 2,284.52 2.63%
Tether (USDT) $ 1.00 0.13%
BNB (BNB) $ 232.03 0.13%
XRP (XRP) $ 0.623020 0.9%
Solana (SOL) $ 64.46 6.84%
USDC (USDC) $ 1.00 0.06%
Lido Staked Ether (STETH) $ 2,281.94 2.38%
Cardano (ADA) $ 0.424197 5.08%
Dogecoin (DOGE) $ 0.095421 6.22%
