In the last few days Bitcoin has been holding up strong with moderate gains. Ethereum has increased slightly higher in percentage when comparing. However, majority of the De-Fi coins have been rocketing. It appears they have left behind two of the largest cryptocurrencies at the start line.
As majority of the De-Fi coins are running on the Ethereum network, it begs to raise suspicion that a Ethereum rally could come sooner than anticipated playing catch up to its smaller cap coin counterparts. A $300 Ethereum could soon be on the table and possibly propelling other coins even further up.
Ethereum is considered truly undervalued when considering its technological advancements, real world use cases, governments using the technology, majority of the De-Fi projects being built on it and not to mention it is also turning into a proof of stake consensus. It truly makes Ethereum far more valuable than it's current price tag. It's rally is definite, the question is what will truly ignite the propellant?
In my opinion once Ethereum breaks the $300 mark, seeing it below it again may be unlikely as it most likely will turn it to support for further upside gains.
What's your thoughts, where do you see the price heading and do you think Ethereum is truly undervalued as most analysts are suggesting?
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Thanks for reading,
Vee
