Analyst says Ethereum is ‘massively undervalued,’ despite recent ATH
Ethereum recently climbed up to an ATH of over $4,440. And at press time, ETH was still hovering over the $4,300 levels. While many consider this to be strong levels, analyst Lark Davis argued that Ethereum is massively undervalued in his latest podcast.
Speaking in the context of Ethereum’s use case on social media platforms, Davis made some key observations. Not so long back, Reddit had launched its community tokens on the Ethereum platform.
Recently, Reddit hinted at an NFT launch. Davis noted that its community of “430 million monthly active users” is now likely to use the Ethereum platform for its launch. Similarly, he expected that even Twitter will have to “enable Ethereum-based verification” for its NFT platform.
Also, let’s not forget
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